Waterloo receives $1 million USD pledge from Interop Labs
Summary
Interop Labs, the initial developer of the Axelar Web3 interoperability network, announced today a $1 million USD donation to grow the Computer Research Endowment at the University of Waterloo. The universitys open-IP policy removes friction from company formation, turning researchers into entrepreneurs part of why Waterloo is a leader in graduating unicorn founders. "We are grateful to Interop Labs for their generous gift that will help us push the boundaries of AI and blockchain innovation, said Vivek Goel, president and vice-chancellor at Waterloo. "Collaborations with industry leaders like Interop Labs, whose groundbreaking work on the Axelar network is shaping the blockchain sector, is the key to accelerating the global impact of the transformative research happening in the Cheriton School of Computer Science, Boutaba said. "This partnership leverages the expertise of both organizations to drive innovation at the intersection of blockchain and AIan area poised to redefine the future of society.