UNIVERSITY OF TORONTO'S SCHWARTZ REISMAN INNOVATION CENTRE RECEIVES HISTORIC $100 MILLION GIFT

Canadian entrepreneurs and business leaders Gerald Schwartz and Heather Reisman have donated $100 million, the largest gift in the University of Toronto's history and the largest donation ever made to the Canadian innovation sector, to power the Schwartz Reisman Innovation Centre.

The University of Toronto writes that "the new Schwartz Reisman Innovation Centre will turbocharge the next wave of Canadian innovation, advancing how AI, biomedicine and other disruptive technologies can enrich lives." The donation "will help construct a 750,000-square-foot complex designed to anchor U of T's unique cluster of world-leading artificial intelligence scientists and biomedical experts, its world-class entrepreneurship network, and the country's largest concentration of student- and faculty-led startups."

← back to News