Province announces skills training funding for University of Waterloo
WATERLOO, ON, Jan. 28 /CNW/ - Elizabeth Witmer, MPP, Kitchener-Waterloo, today announced over $300,000 in funding from the Ontario Strategic Skills Investment (SSI) program, targeted at the University of Waterloo's Education Program for Photonic Professionals (EP3).
SSI is a training program involving government, business and education partners in the development of skilled workers needed to help Ontario's economy compete, grow and create jobs.
"The Ontario government wants to measurably increase the number of skilled employees available to support Ontario industries," said Witmer. "The EP3 project will heighten the University of Waterloo's role in preparing students who can contribute to our province's competitiveness in the high tech sector."
Photonics is a field of advanced laser technology applied in the micro- electronics, telecommunications, medicine and manufacturing sectors. The goal of EP3 is to re-skill approximately 30 professionals annually and to provide individual courses for 100 professionals per year.
The SSI funding will be used to support the project expansion, start-up and transition costs. The total value of the project is estimated at $1.5 million.
This project is one of six projects for which Economic Development and Trade Minister Bob Runciman today announced $9.6 million in provincial funding through the Strategic Skills Investment Program. The provincial commitment is complemented by an additional $46.7 million from business and education partners.
The Ontario government is investing $130 million in SSI, a multi-year program that supports innovative partnerships that develop critical skills necessary for business competitiveness.
For further information: visit www.ontario-canada.com