Lazaridis donates $21 million to Waterloo

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.