The University of Toronto and RBC are launching a scholarship to support women and other equity-deserving groups, including Black and Indigenous students, in the emerging technology sector.
The RBC Scholarships for Diversity and Innovation in Technology will be selected based on academic achievement and innovative accomplishment. Six eligible third-year undergraduate students enrolled full-time at U of T will be supported with a scholarship valued at $15,000 annually over a two-year period.
“RBC was an early champion of the innovation ecosystem at the University of Toronto and these awards are another example of how industry and academia can work together to create a culture of inclusive excellence,” said Leah Cowen, vice-president, research and innovation, and strategic initiatives.
Martin Wildberger, RBC’s executive vce-president, technology and operations, said the financial institution views diversity and inclusion as an engine for innovation and is committed to removing biases and barriers. “This renewed partnership with the University of Toronto will help support diverse talent and help create a more equitable future for the next generation of technologists,” he said.
The scholarship joins a growing network of U of T supports to advance inclusive excellence in the innovation, research and entrepreneurship realms. They include the Black Research Network, Indigenous Research Network and the Black Founders Network.