In an era marked by rapid technological advancements, the University of Waterloo and the Ontario Chamber of Commerce (OCC) have embarked on a ground-breaking collaboration to support the development of artificial intelligence upskilling programs specifically targeting Ontario small and medium businesses.
Representatives from Waterloo and the OCC signed a Memorandum of Understanding on Thursday to partner on the development of AI-focused targeted education and training programs aimed at addressing both challenges and opportunities as this technology looks to reshape the global economic landscape.
University of Waterloo president and vice-chancellor, Vivek Goel (left) and OCC president and CEO, Daniel Tisch (right) pictured together after signing the agreement.
"The University of Waterloo and WatSPEED are proud to partner with the OCC, which will help to harness AI's potential to fuel innovation, drive economic growth, and prepare a workforce ready for tomorrow's challenges. Together, we're building a future that's innovative, inclusive, and one that helps Ontario businesses keep pace with technology," said Sanjeev Gill, associate vice president of innovation and executive director of WatSPEED at University of Waterloo.
WatSPEED, renowned for its commitment to excellence in professional and executive education, and OCC, representing the vibrant business community of Ontario, are ideally positioned to lead efforts in bridging the skills gap and promoting sustainable economic development.
Professional education and training programs represent a significant component of the partnership, with initiatives designed to meet the specific needs of Ontario's economy and labour market. This includes providing preferential access to WatSPEED programming for OCC members, developing new educational programs, and organizing career fairs and networking events.
"At the Ontario Chamber of Commerce, we believe in the power of partnership, and I'm excited to embark on this collaboration with WatSPEED,” said Daniel Tisch, president and CEO of the Ontario Chamber of Commerce. “Together, we aim to propel Ontario forward as a tech and innovation powerhouse, while closing the skills gap to benefit businesses, workers, and our economy.”