The Ontario government has recently announced a new initiative to increase the number of science, technology, engineering, and mathematics (STEM) graduates in the province over the next five years. The project is part of a push to make the province an industry leader in the STEM fields. U of T is currently in talks with the province to see how it will be affected.
The plan is to increase the number of post-secondary STEM graduates “by 25 per cent over the next five years – boosting the number of STEM graduates from 40,000 to 50,000 per year,” according to Tanya Blazina, who works in the Ontario Ministry of Advanced Education and Skills Development.
“This major commitment will significantly expand the talent pool of well-trained and highly educated workers in Ontario,” Blazina said. “These workers will empower Ontario-based businesses to grow into global players, while also attracting successful and innovative businesses to the province.”
Blazina says that as of Fall 2017, all publicly funded Ontario universities and colleges will have signed an agreement on program plans and funded enrolment levels. Universities will also have signed an agreement concerning funded graduate spaces.
This initiative comes amidst a major expansion project by American tech giant Amazon. The company announced earlier this year that it was planning on building a second headquarters in North America, which Toronto has expressed major interest in.
U of T Vice-President and Provost Cheryl Regehr told The Varsity that the university is “looking for more information and to try and understand what exactly the money will go to.” Regehr says they expect that it will go to additional student spots, in particular a possible student spot in professional master’s programs.
“U of T is already incredibly strong. We are a world leader in many areas and STEM is one of the ones that we’re a world leader,” she said. “We expect that we’ll just continue to be a world leader and increase our research and educational initiatives in this area.”
In order to make the province more attractive to tech companies, the government is hoping specifically to increase graduates is in the field of artificial intelligence (AI). To achieve this, $30 million will be invested to increase the “number of professional applied masters’ graduates in artificial intelligence,” according to a press release.
“Ontario will also partner with the Vector Institute to accelerate growth in the number of professional applied masters’ graduates in artificial intelligence. The goal is to graduate 1,000 applied masters students in AI-related fields per year, within five years.”
Vector Institute is a Toronto-based AI research organization affiliated with U of T. It was founded earlier this year in order to be Canada’s AI hub and to attract top talent from around the world.