Story perspectives

University of Toronto Launches $2M Innovation Catalyst Prize

10/11/2025

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Summary

Story summary

The University of Toronto received a $2 million donation from Eva Lau and Allen Lau to establish the Eva and Allen Lau Commercialization Catalyst Prize.
The prize will support graduate students, postdoctoral researchers, and faculty in turning early-stage ideas into market-ready innovations.
The University of Toronto will match the gift, increasing the prize's impact.
The university has produced over 1,500 venture-backed startups in the past five years.

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Story summary

The University of Toronto received a $2 million donation from Eva Lau and Allen Lau to establish the Eva and Allen Lau Commercialization Catalyst Prize.
The prize will support graduate students, postdoctoral researchers, and faculty in turning early-stage ideas into market-ready innovations.
The University of Toronto will match the gift, increasing the prize's impact.
The university has produced over 1,500 venture-backed startups in the past five years.