Ties With Industry
Through its large co-op program (the largest in the world) and many spin-off companies, the University of Waterloo maintains close ties with the high-tech industry.
UW has a long-standing intellectual property policy that leaves ownership rights with the inventor, rather than the university, which has helped create many spin-off companies that maintain a good relationship with UW. In particular, it has a strong connection with Research In Motion, the makers of the Blackberry, that goes beyond its close physical proximity. Co-founder and CEO Mike Lazaridis was a UW student before he started RIM, and was the chancellor of the university. RIM hires hundreds of UW co-op students each term and a large proportion of its employees are UW alumni.
During his visit to Waterloo in October 2005, Microsoft co-founder Bill Gates stated, "Most years, we hire more students out of Waterloo than any university in the world, typically 50 or even more."
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