The funding comes from two Connaught programs. The Connaught Innovation Award accelerates the development of promising technologies and promotes knowledge transfer arising from the U of T. The Connaught Summer Institute brings together Canadian and international graduate students, postdoctoral fellows and other scholars to foster collaboration among disciplines and support new methods for research and innovation.
“The Connaught Fund builds on the university’s rich history of research,” said Vivek Goel, U of T vice-president of research and innovation. “That rich history is still paying dividends as the fund supports the work of today’s researchers, each of whom is making their own unique contribution to progress on a wide range of local and global research issues.”
Founded in 1972, the Connaught Fund was created from the sale of the Connaught Laboratories. The labs mass-produced insulin, the Nobel Prize-winning discovery of U of T’s Frederick Banting, Charles Best, John Macleod and Charles Collip. The university has managed the fund for more than 40 years, over that time awarding more than $150 million to U of T researchers.
—With files from Michael Kurts. This story originally appeared on May 10, 2016 in U of T News.