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REF NO.: 149

SUBJECT: Hibernia Investment grows enrichment programming at Memorial University

DATE: July 24,2014

Memorial University will help cultivate the next generation of innovators in Newfoundland and Labrador thanks to a $2.85-million investment from the Hibernia Management and Development Company Ltd. (HMDC).

The funding will create the Hibernia Project-Shad Valley Fund at Memorial to encourage high school students to pursue studies in the areas of science, technology, engineering and mathematics (STEM). The program also will encourage students from across the country to pursue their post-secondary studies at Memorial.

“Collaboration with industry and education partners such as HMDC and Shad Valley enrich Memorial’s learning environment and help us provide an engaging experience for young students who come to Memorial each summer to learn from our award-winning faculty,” said Dr. Doreen Neville, associate vice-president (academic) planning, priorities and programs. “Experiences during the Shad Valley program, in turn, help to attract students from across the country to our province to pursue their undergraduate and/or graduate studies.”       

Shad Valley is a highly competitive, four-week summer enrichment program held at 12 Canadian universities, including Memorial. HMDC’s latest investment will expand the program’s capacity at Memorial and provide financial support for more students from across the country to travel to Newfoundland and Labrador.

“The program at Memorial is considered one of the best in Canada and HMDC has given us the ability to make it even better,” said Dr. Leonard Lye, Memorial’s Shad Valley program director. "We will be able to accept more students into our program here at Memorial and it also will allow more local students to travel to other parts of the country to participate in the program at other schools.”

“Hibernia is a strong supporter of science, technology, engineering and math educational initiatives,” said Jamie Long, president of HMDC. “The Shad Valley program offers students an exciting summer opportunity. We hope it will inspire students and encourage them to pursue STEM studies.”

HMDC will invest $450,000 per year for five years to support the cost of Newfoundland and Labrador students attending Shad Valley programs throughout the country. Eight new student positions will be created at Memorial, increasing the number of out-of-province students who will be exposed to programming and research opportunities in Newfoundland and Labrador.
“We are extremely grateful to both HMDC and Memorial for the opportunity to forge this new partnership,” said Barry Bisson, president, Shad Valley International.

“The activities that will flow from this funding will enhance our already excellent partnership with Memorial and help our national organization expand in Newfoundland and Labrador to help address the needs of exceptional students.”

The Shad Valley program has operated at Memorial since 2003. In recent years, more than 50 high school students from across the country have travelled to Memorial to learn from world-class researchers and renowned experts.

In 2014 HMDC contributed $1.98 million to Memorial creating the Hibernia Project Geophysics Support Fund to enhance geophysics education and research.

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For more information, please contact:

Sandy Woolfrey-Fahey, communications co-ordinator, Office of the Provost and Vice-President (Academic), Memorial University, at (709) 864-4873 or sandywf@mun.ca.

Margot Bruce O'Connell, public and government affairs manager, Hibernia Management and Development Company Ltd., at (709) 778-7222 or
margot.p.bruce-o'connell@exxonmobil.com.    

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