RIM CEO donates $25m to quantum research centre

Mike Lazaridis, the co-CEO of Research in Motion Ltd. (TSX:RIM), and his wife are donating $25 million to the University of Waterloo.

The donation from Mike and Ophelia Lazaridis to the Institute for Quantum Computing brings their total donations to the centre to $101 million.

University of Waterloo president David Johnston says the donations have helped make the school one of the world’s best in the field of information processing research.

In a statement, Mike Lazaridis says he and his wife are excited to support what is becoming the epicentre of quantum research and experimentation.

The couple’s previous donation went toward the Quantum-Nano Centre, which will accommodate the Waterloo Institute for Nanotechnology and Waterloo’s undergraduate program in nanotechnology engineering.

– The Canadian Press