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College

Lazaridis donates $21 million to Waterloo

RIM founder’s gifts now total $123 million
By Maclean's

The founders of Research In Motion (RIM), the Waterloo, Ont. based produce of BlackBerry products, have fallen. But one of them, Mike Lazaridis, is ready to make a new investment. He and his wife Ophelia pledged $21 million to the University of Waterloo on Wednesday. “History has shown us that a relatively small investment in fundamental research in physics and in science today can lead to huge innovation tomorrow,” Lazaridis said. The money will fund chairs in condensed matter and astrophysics, a new science building and scholarships for mathematics students. The couple have donated $123 million in total, after funding the Institute for Quantum Computing and the soon-to-open Quantum Nano Centre. To get a sense of how big those donations are, consider that only one gift to a Canadian university exceeded $20 million last year, reports Academica.