Seneca receives $27.3M investment towards CITE facility

September 2, 2016

Seneca College has received a combined $27.3M investment from the federal and Ontario governments to train young Canadians for well-paying middle-class jobs. The funding will specifically support Seneca’s Centre for Innovation, Technology and Entrepreneurship, which a college release states will focus on helping small and medium-sized enterprises build their innovation capacity by providing access to labs, equipment, and research expertise. CITE will also reportedly provide specialized training, business incubation, and applied research and commercialization programs. The release states that Seneca will also be contributing over $57M for a total investment of nearly $85M. Canada | The Record