Mr. Speaker, I have great news of an event taking place right now in my constituency of Kitchener—Waterloo. If I was not here, I would be there.
Dr. James Downey, president of the University of Waterloo, is hosting a media conference. Keith Powell, senior vice-president of Nortel Networks, will announce the establishment of the $10.3 million Nortel Networks Institute for Advanced Information Technology at the University of Waterloo.
This institute will fund student scholarships, faculty research chairs and will increase enrolment in advanced technology disciplines through a collaboration of business, education and government.
This partnership is great news. It will be of great benefit to my community, Ontario and Canada. I join with the rest of the House in congratulating all of the parties involved in this exemplary collaborative partnership.