McMaster University Receives New CIBC Gift: Supports Engineering Scholarships for Equity-Deserving Students

A new gift of $500,000 from CIBC to McMaster’s Faculty of Engineering is being used to create scholarships that will foster inclusive excellence in the field of financial technology.

The inaugural CIBC Technology Leaders Scholarships, valued at $10,000 each, have been awarded to eight engineering co-op students who identify as equity-deserving, demonstrate enormous leadership potential in financial technology, and who are interested in working to build a more secure, equitable and sustainable future.

“The CIBC Foundation serves our commitment to creating a world where everyone has access to opportunities to achieve their career ambitions,” said Ronan Ryan, Executive Director of the CIBC Foundation. “We’re proud to partner with McMaster University to offer the CIBC Technology Leaders Scholarships and help build a more inclusive economy.”

“We are so grateful to CIBC for this gift, and for sharing our vision of inclusive excellence,” said Engineering Dean Heather Sheardown.

“It’s critical that our students see themselves reflected in the industry. By empowering every promising student with access to the same opportunities, we are transforming the way we support our future leaders.”

Financial technology is an area that is growing quickly and encompasses everything from mobile banking to big data, blockchain technology, artificial intelligence and machine learning.