University of Victoria (Black Press Media file photo)

Coast Capital Savings gifts $1-million to UVic innovation centre

The centre has helped more than 500 students turn ideas in business plans

Budding innovators and entrepreneurs at the University of Victoria (UVic) received $1-million from Coast Capital Savings on Friday.

The funding goes toward the the university’s innovation centre – the Coast Capital Savings Innovation Centre (CCSIC) – which provides students with guidance, hands-on experience and the financial skills to develop business ideas into concepts ready to pitch to investors.

READ ALSO: Saanich police search for missing 17-year-old girl

UVic president Jamie Cassels explained that the “game-changing investment” from Coast Capital Savings will help the university provide students with unique learning experiences and prepare them to participate in B.C.’s economy.

Since the CCSIC was relaunched in 2016, it has helped more than 500 students from various faculties launch 70 startup companies.

Juan Orrego, 22, is a UVic Gustavson School of Business graduate who started his company with the guidance of the CCSIC. Orrego co-founded Cuboh which assists restaurants with online ordering, payments and delivery. He credits the UVic innovation centre for helping him make his idea a reality.

“The innovation centre opens so many doors,” said the young CEO. “They pushed me to dream big and then helped me —every step of the way.”

READ ALSO: There were 96,000 crashes in B.C. parking lots in 2018, ICBC says

Orrego’s company now has a staff of more than 10 people and he was one of BCBusiness magazine’s 30 Under 30 in 2019.

Calvin MacInnes, president and CEO of Coast Capital Savings, explained that assisting young people is part of the credit union’s community leadership goals. He explained that the ongoing support for the CCSIC is a conscious contribution to the future.

“These young people are the business leaders of tomorrow, the fuel for our country’s economy and the innovation that bolsters the change makers of tomorrow.”


@devonscarlett
Like us on Facebook and follow us on Twitter.

devon.bidal@saanichnews.com

Just Posted

500 pounds of turkey served at Cool Aid community Christmas dinner

Annual dinner serves hundreds of community members

VIDEO: Annual Tuba Christmas concert draws large crowd to Market Square

Over 100 tuba and euphonium players gathered to play festive tunes

Revisit Christmas past as Point Ellice House displays Victorian-era traditions

Antique bobbles, cards, decor and more are on display

Bold and brassy quintet touches down at UVic

Internationally recognized Canadian Brass performing with Victoria Symphony on Dec. 21

Saanich church kicks off holidays with peaceful Winter Solstice service

St. Luke’s song-filled Christmas services come later

VIDEO: Success of wildlife corridors in Banff National Park has advocates wanting more

Demand for more highway protection escalated after seven elk were killed by a semi-trailer near Canmore

Sharks beat Canucks 4-2 to snap 6-game skid

Vancouver visits Vegas on Sunday

Fans sing Canadian anthem after sound system breaks at BMW IBSF World Cup

The Canadians in attendance made sure their team and flag were honoured on the podium

VIDEO: Fire destroys Big White Ski Resort chalet

Social media eulogies peg the property, nicknamed “The Pharamacy,” as both loved and hated

Prince George RCMP use bait packages to catch porch pirates over the holidays

First-in-Canada program with Amazon looks to combat parcel theft

Nanaimo mechanical engineer creates thief tracking program

Nanaimo Thief Tracking lets users plot and share information about thefts online

Mayor wants B.C. to institutionalize severely mental ill people who are homeless

Those suffering from mental health conditions, such as schizophrenia, need specialized care, mayor says

Five things of note from Trudeau’s mandate letters to his ministers

Some marching orders come from the Liberal Party’s campaign, while others are new additions

Scheer’s resignation tips party into internal war over school tuition payments

The Conservatives have a Toronto convention already scheduled for April

Most Read