Aug. 18, 2004

Xerox Canada contributes $1 million to McMaster University, celebrates 30 years of innovation in Canada

Company reinvests in the future of Canadian invention and ingenuity with endowment

Mississauga, ON - Marking three decades of innovation in Canada, Xerox Canada announced today a $1 million gift to Hamilton, Ont.-based McMaster University toward the building of a new Centre of Innovation and Entrepreneurship, a first of its kind in Ontario.

“This endowment is dedicated to two causes at the heart of Xerox innovation and entrepreneurship – a source of Xerox’s continued success in the marketplace,” said Doug Lord, chairman, president and CEO, Xerox Canada Ltd. “As a McMaster alumnus, it also brings me great personal pride to see the school recognized for its own excellence in innovation.

McMaster President Peter George believes “the commitment of Xerox launches the realization of our vision for the Faculty of Engineering and for McMaster University. Xerox has taken the lead in the creation of a truly innovative School. Its teaching and research will remain strong through close links to business and industry, and we are pleased Xerox has chosen to support McMaster and to build upon our strong partnership”.

The funding will establish the Xerox Centre for Engineering Entrepreneurship and Innovation within the School for Engineering Practice at McMaster University. An expert team of faculty and staff will operate the Centre, assembled to research and teach the mechanisms of translating technical expertise into product and process innovation and commercial success.

The announcement was made during a celebration of the 30-year anniversary of the Xerox Research Centre of Canada (XRCC) held at the location of the Centre’s state-of-the-art laboratories and advanced chemical engineering pilot plant, attended by delegates from all levels of government, and Xerox and McMaster executives and alumnae. Xerox Canada employs 52 McMaster graduates with 12 located at XRCC.

McMaster University, one of Canada's leading research-intensive universities, has world-renowned faculty and state-of-the-art research facilities. McMaster's culture of innovation fosters a commitment to discovery and learning in teaching, research and scholarship. Based in Hamilton, the University has a student population of more than 20,000 and more than 112,000 alumni in 128 countries around the world.