Ontario Boosting the Number of Graduates in Science, Tech, Engineering, Mathematics and Artificial Intelligence
Wednesday, October 18, 2017
Province Creating Conditions for New Jobs and Investment
Ontario is increasing support for students in the science, technology, engineering and mathematics (STEM) disciplines, including artificial intelligence, to continue to build a highly skilled workforce and support job creation and economic growth.
Leading businesses from around the world choose Ontario because of its talented workforce, strong public education system and commitment to universal health care. These same qualities help to support an ecosystem that enables locally owned companies to succeed and grow.
To bolster provincial competitiveness, the government plans to increase the number of postsecondary students graduating in the STEM disciplines by 25 per cent over the next five years. This initiative will boost the number of STEM graduates from 40,000 to 50,000 per year and position Ontario as the number one producer of postsecondary STEM graduates per capita in North America.
Ontario will also partner with the Vector Institute to accelerate growth in the number of professional applied masters' graduates in artificial intelligence. The goal is to graduate 1,000 applied masters students in AI-related fields per year, within five years.
The province is also working with the federal government to secure a steady influx of highly skilled immigrants. Together, these commitments will significantly expand the talent pool of well-trained and highly educated workers in Ontario. These workers will empower Ontario-based businesses to grow into global players, while also attracting successful and innovative businesses to the province.
Supporting Ontario's highly skilled workforce is part of our plan to create jobs, grow the economy and help people in their everyday lives.
" Ontario’s graduates are among the best in the world and we are leaders in STEM education. Today’s economy is increasingly reliant on more highly-skilled talent to meet the needs of new and emerging enterprises. The increase in STEM graduates over the next five years will continue to grow the talent pool within Ontario’s highly skilled workforce."
- Deb Matthews
Deputy Premier and Minister of Advanced Education and Skills Development
" Our incredibly talented and highly-educated workers are a key factor in helping Ontario businesses grow, and in attracting firms to our province. Ontario is succeeding in the international competition for business investment—but there is always more to do. We will continue our efforts to make Ontario more globally competitive and create good jobs with a highly skilled workforce, a vibrant innovation ecosystem and an efficient business climate. "
- Brad Duguid
Minister of Economic Development and Growth
" Our government is committed to boosting innovation in Ontario through increased investment in education and strategic partnerships with our universities and institutes. Through further investments in education and training, we are supporting the wealth of talent that will help create the jobs of tomorrow today."
- Reza Moridi
Minister of Research, Innovation and Science
- Ontario is investing $30 million that will help facilitate work with colleges and universities across the province to grow the number of professional applied masters’ graduates in artificial intelligence.
- Ontario has the second-largest Information, Communications, and Technology cluster by number of establishments on the continent.
- Employment in Ontario is up 169,500 year-over-year. The province’s unemployment rate has been below the national average for 30 consecutive months.
- Ontario ranks first in Canada and third in North America in Foreign Direct Investment.
- Ontario’s five-year, $650-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale-up and modernizing regulations for businesses.