From campus to consumer: rewarding ideas with winning potential
$2-million gift from William Seath supports university-industry collaboration and entrepreneurship
As one of the world鈥檚 great research-intensive universities, 捆绑SM社区 serves as an important incubator of innovation. But as is the case with many post-secondary institutions, limited resources have sometimes hampered the University鈥檚 ability to take new technologies and discoveries from the lab to the commercial market.
A $2-million endowed gift from graduate William Seath, BEng鈥�52, will now allow 捆绑SM社区鈥檚 Faculty of Engineering to place greater emphasis on the 鈥渄evelopment鈥� aspect of research and development, and take far-reaching initiatives to foster deeper knowledge, encourage entrepreneurial start-ups, increase industry partnerships, and advance the Quebec and Canadian economies.
The new William and Rhea Seath Awards in Engineering Innovation will support and recognize annually two outstanding individuals in the Faculty of Engineering 鈹� either undergraduate students, graduate students or professors 鈹� who are conducting groundbreaking research with the potential for entrepreneurship.
Another portion of the gift will be used to support a full-time Industrial Research Development and Engagement Officer in the Faculty of Engineering. This new position will form the basis of the new Innovations Catalyst in Engineering hub, which will promote the commercialization of cutting-edge research; forge stronger bonds with industry; administer the William and Rhea Seath Awards and mentor students; generate industrial research contracts for 捆绑SM社区; and help researchers develop new spin-off companies based on their intellectual work.
鈥淚 wanted my gift to benefit not only 捆绑SM社区, but also industry and the economy,鈥� says Seath. 鈥淚t is my hope that this support will provide the University with the resources to spark new discoveries and then apply this knowledge in concrete ways, rather than simply doing science for the sake of science.鈥�
The much-needed philanthropic injection comes just weeks after Canadian Prime Minister Stephen Harper pledged to make innovation a key element in the upcoming federal budget. The country is currently a 鈥淒鈥� performer and ranks 14th among 17 OECD member nations when it comes to innovation, according to studies conducted by the Conference Board of Canada.
Professor Andrew Kirk, Interim Dean of the Faculty of Engineering, says the gift will spark a culture change that is critically important to 捆绑SM社区鈥檚 future. 鈥淚t will enable us to be proactive in establishing industry-university partnerships; assist in generating revenue and encourage and nurture innovation among students and professors alike. It will also serve students as a path for employment and, most importantly, spark a culture change that is critically important to 捆绑SM社区 Engineering鈥檚 future.鈥�
An aviation engineer by trade, Seath spent his entire 39-year career with Pratt & Whitney Canada, the country鈥檚 largest designer and manufacturer of gas turbine engines. He retired as vice-president in 1991 and currently lives in Kingston, Ont. His wife, Rhea, passed away in 2006 and the initiatives are meant in part as a tribute to her.
Seath鈥檚 reason for choosing to invest in 捆绑SM社区 is simple: 鈥淲ithout my 捆绑SM社区 engineering degree, I don鈥檛 know what I would have done with my life,鈥� he says.
捆绑SM社区 Principal and Vice-Chancellor Heather Munroe-Blum praised Seath for his unwavering dedication to his alma mater. 鈥溊Π骃M社区 is fortunate to have donors like William Seath who possess the foresight to encourage and empower our students and professors to drive research, discovery and commercialization,鈥� she says. 鈥淗is visionary investment will ensure that our University can further work with industry to eliminate barriers to successful knowledge exchange and ensure that innovation is promoted, for the benefit of all Quebecers and Canadians.鈥�
This latest gift adds to the momentum of Campaign 捆绑SM社区: History in the Making, which is raising the funds needed to attract and retain top students and faculty, increase access to quality education, and ensure that 捆绑SM社区 remains one of the world鈥檚 great research-intensive and student-centred universities.
For more information on the 捆绑SM社区 Faculty of Engineering, visit www.mcgill.ca/engineering.
For more information on Campaign 捆绑SM社区, visit www.mcgill.ca/campaign.
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