Electronic Products & Technology

Scotiabank gifts NAIT with $400,000

Stephen Law   

Electronics Engineering funding

A $400,000 donation from Scotiabank will benefit students at The Northern Alberta Institute of Technology (NAIT), a leading Canadian polytechnic, delivering education in science, technology and the environment; business; health and trades. The gift will help the polytechnic continue to grow to meet the needs of Alberta, and will also be used to fund campus expansion, student scholarships and the NAIT International Student Centre.

More specifically, the $400,000 donation has been earmarked for the following areas:

* Essential: The NAIT Campaign, which supports student success, applied research and the construction of the Centre for Applied Technology – home to the JR Shaw School of Business.

* The operation of the NAIT International Student Centre.

* The establishment of the Scotiabank Trades to Degrees Bursary. Three bursaries of $1,000 each will be available annually to students enrolled in the Bachelor of Business Administration program by way of the Trades to Degrees pathway.


“Through NAIT’s focus on the important field of applied technology, the polytechnic is helping to provide students with the vital skills that they will need in their careers,” says Don McEwan, district vice-president, Edmonton at Scotiabank. “Young people are our future leaders and Scotiabank’s goal is to ensure that they have the necessary skills and resources they need to support their success.”

In recognition of this donation, NAIT’s banking and stock trading lab, part of the JR Shaw School of Business, has been named the Scotiabank Banking and Stock Trading Laboratory. The lab simulates the look and feel of both a real stock trading room (including state-of-the-art work stations and a stock-ticker mounted on the wall) and a financial institution, including realistic customer service stations.

The NAIT Campaign is the largest fundraising initiative in the polytechnic’s history. Launched in 2014, the goal is to raise $100 million by 2018. To date, more than $90 million has been raised.



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