UVic Torch -- Fall 2004
Spring 2005,
Volume 26, Number 1

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Tech Park Purchased

THE UNIVERSITY HAS ACQUIRED THE VANCOUVER ISLAND TECHNOLOGY PARK, in Saanich, in a move that promises to create greater synergy among faculty researchers, graduate students, co-op students, spin-off companies and established firms. The facility (on the site of the former Glendale Lodge) currently houses 23 companies employing 1,200 people and the university has plans to add up to six new buildings to the 14-hectare tech hub.

UVic is self-financing the $20.2-million transaction with the BC Buildings Corporation, with no impact on the university’s operating budget. Among the park’s tenants are MDS Metro medical labs, the Genome Proteomics Centre, and GenoLogics software, one of 35 companies that have been developed from research generated at the university.

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