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June 27, 2001

posted on June 27: New construction projects to begin this summer

McMaster's Board of Governors has approved three new construction projects, worth $23.3 million, which are slated to begin this summer: The Advanced Materials Technology Research . . .

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June 27, 2001

posted on June 27: Four more Canada Research Chairs awarded; About $2.5 million in research facility grants announced

McMaster has received four new Canada Research Chairs (CRC) and about $2.5 million from the Canada Foundation for Innovation for infrastructure funding for CRC award winners. This third round of Canada Research Chairs awards brings the University's total to 26. The four newest recipients are conducting research in the areas of antibacterial drugs, globalization, semiconductor devices and data communications and digital signal processing. They are: Eric Brown, Department of Biochemistry, Canada Research Chair in Antimicrobial Research William Coleman, Department of Political Science, Canada Research Chair in Global Governance and Public Policy Jamal Deen, Department of Electrical & Computer Engineering, Canada Research Chair in Information Technology Zhi-Quan (Tom) Luo, Department of Electrical & Computer Engineering, Canada Research Chair in Information Processing A fifth recipient, John Lavis, an assistant professor of clinical epidemiology & biostatistics, was awarded a Canada Research Chair between rounds two and three. Lavis is the Canada Research Chair in Knowledge Transfer and Uptake in Health Policy-Making Environments. He will study whether and under what conditions, federal and provincial policy makers make use of evidenced-based health research to improve the health of Canadians. For profiles of all McMaster recipients, click on Canada Research Chair Chairholder Profiles. The federal government dedicated $900 million in its 2000 budget to create 2,000 Canada Research Chairs in universities across the country by 2005. About 400 new chairs will be named in each of the next five years with chairholders coming from inside and outside Canada. The goal of the program is to help universities become world-class research centres. The Canada Foundation for Innovation funding is money that will help researchers build the labs and facilities needed to conduct their research. McMaster's award-winning projects in this round include money for an optoelectronics research laboratory, an online edition of philosopher Bertrand Russell's collected letters and a facility dedicated to molecular, physiological, and environmental research on fish. The Daily News has included a list of award winners, the project titles and the CFI contributions in the "Read more" version.

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June 26, 2001

posted on June 26: McMaster seeks $38.4 million from CFI in latest competition

Fourteen faculty members met the May 30 deadline and applied for $38.4 million in Canada Foundation for Innovation (CFI) Innovation Fund funding for major research . . .

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June 26, 2001

posted on June 26: Baseball diamonds spruced up, new treadmill gallery for fitness centre

McMaster's baseball diamonds will be "frost-free" this year and faculty and staff who work out at the Pulse will exercise in a new treadmill gallery thanks to funding provided through the McMaster University Futures Fund (MUFF). The funding, allocated earlier this year, is being used to support a number of improvements in facilities used by employees for recreational purposes: $55,000 to purchase new treadmills and new lockers for the Ivor Wynne Centre. The new treadmills will go into the refurbished fitness gallery over the squash courts located in the south side of the athletic centre, said Therese Quigley, director of athletics & recreation. Pulse members will be able to use the new aerobic treadmill gallery and specific hours will be reserved for faculty and staff. The new lockers will replace baskets used in the fitness centre's change rooms, Quigley said. $38,000 is set aside to buy fitness equipment and to renovate a fitness area in Henderson Hospital. Fitness instructor and lab technologist Janice Rischke said she'd like to purchase a treadmill, a stepper, a cross-trainer and a stationary bike for employees' use once they have renovated a room in the hospital for the equipment. $8,000 towards the maintenance of the campus softball fields. The volunteer-run Graduate Students' Association softball league has purchased a specially designed drag to keep the diamonds in good shape, said softball commissioner Andy Duncan. In the past, the three campus infields were conditioned daily by a home-made device made out of two-by-fours and an old frost fence pulled behind a golf cart. The new drag will keep the infield from hardening up, said Duncan. There are 30 teams in the softball league, made up of faculty members, staff and graduate students. MUFF funding comes from the interest earned by the University on money that could not go into the University's pension plan because of restrictions enforced by Revenue Canada. (End of story)

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June 26, 2001

posted on June 26: $5 million gift one of the largest in McMaster’s history

McMaster University and AIC Group of Funds, Canada's largest privately held mutual fund company, today announced a $5 million gift to create the AIC Institute for Strategic Business Studies in the Michael G. DeGroote School of Business at McMaster. It is one of the largest gifts in McMaster's history. "This exciting partnership with AIC is an enormous opportunity that will allow the University to pursue a new direction in business studies," said President Peter George. "AIC and its chairman and chief investment officer, Michael Lee-Chin, have demonstrated in the most generous way their confidence in McMaster's ability to deliver the educational programs and research needed in the field of investment management. Their foresight and leadership are inspiring." The AIC gift will support the creation of a chair in Investment and Portfolio Management. Two professorships will also be created and a $500,000 fund will provide scholarships to business students. AIC will also help to finance the building of a new wing on the business school, a state-of-the-art facility that will house the Institute for Strategic Business Studies. "Warren Buffet, who many of you will recognize as the world's most successful investor, recently emphasized the importance of developing sound business valuation skills among today's business students," said Michael Lee-Chin. "At AIC, the foundation of our investment philosophy has long rested on our ability to value and buy excellent businesses, businesses we understand fully. By buying and holding these businesses, AIC investors have prospered as we have preserved and grown their capital and minimized taxes payable. On behalf of AIC, I am proud to lend support to McMaster University and the establishment of the AIC Institute for Strategic Business Studies which will enrich the skills of business school graduates for many years to come." Vishwanath Baba, dean of the Michael G. DeGroote Business School, said: "We believe strongly in bringing real-world experiences into the classroom. Our new alliance with AIC will enhance this bridge. Guest lecturers from AIC will give students insights into the world of finance and an understanding of the discipline needed to succeed. These opportunities to learn from an industry leader will give McMaster graduates a distinct advantage." AIC Group of Funds commenced operations in 1985 and has grown to become one of Canada's largest mutual fund companies, servicing almost one million investors. Assets under management total more than $14 billion. Lee-Chin graduated from McMaster's Faculty of Engineering in 1974.

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