The Government of Ontario has announced a $750M investment into STEM programs at colleges and universities across the province. The funding will be used to create 20,500 seats per year in STEM programs with the goal of building a skilled, made-in-Ontario talent pool. “This investment will expand training capacity at our world-class publicly funded colleges and universities, connecting students to good-paying jobs and securing our world-class workforce for decades to come,” said ON Minister of Colleges, Universities, Research Excellence, and Security Nolan Quinn. ON also stated that it is “suspending funding recoveries for institutions that have fallen below their enrolment floor” for 2024-25 so that institutions can focus these funds on STEM program enrolment.
