McGill University and Desjardins Group are teaming up to support research-based innovation. North America’s largest co–operative financial group will provide the McGill Innovation Fund (MIF) – the biggest entrepreneurial competition at McGill – with $500,000 over five years.
The money will fund $100,000 in prizes each year for teams in the Deploy stage of the competition, for projects that have already started to implement their commercialization plan and can demonstrate that they have the potential to go much further.
In its three years of existence, the MIF has quickly become an important booster of entrepreneurial activity, contributing to the launch of 10 startup companies based on McGill-generated intellectual property, all headquartered in Quebec.
Desjardins’s donation was announced at a networking event Sept. 18 that featured a fireside chat between Guy Cormier, President and CEO of Desjardins Group, and Deep Saini, President of McGill University, in which the two leaders affirmed their commitment to innovation in Quebec and the economic growth it can bring. The chat was moderated by Dominique Bérubé, McGill’s Vice-President, Research & Innovation
Full story: McGill Innovation Fund launches 4th edition with major support from Desjardins – Health e-News
