CIBC gives $1-million boost to ag. entrepreneurship
Thanks to a $1-million donation to the U of S from CIBC, the College of Agriculture will be the first in Canada to offer an undergraduate degree with a minor in agricultural entrepreneurship.
At a campus ceremony June 21, CIBC Senior Vice-President for Small Business Banking Rob Paterson pledged the funding, to be directed to a new program in agricultural entrepreneurship.
In 2001 CIBC made another large donation, to create a centre for agricultural entrepreneurship in the College of Agriculture. Its gifts from then until now total $1.8 million.
The new funding will support the work of a teaching scholar in ag. entrepreneurship, expected to be Prof. Tom Allen. The money will also create five new bursaries of $2,000 each for Aboriginal students entering the College of Agriculture. And, for each of the next 10 years, $10,000 will go to outreach activities which encourage First Nations economic and business development.
Agriculture Dean Ernie Barber told the news media and invited guests the entrepreneurship initiative will boost young people’s ability to develop and market new products in the agri-food industry.
U of S Provost and Vice-President Academic Michael Atkinson said the program supports two key goals in the recently adopted campus Integrated Plan – entrepreneurship and Aboriginal initiatives.