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Seneca receives $1 million from TD Ready Challenge

TD-HELIX Transformation Initiative will re-skill mid-career professionals

Thew thought of today cannot be expresses in the language of yesterday.

Chris Dudley, Director of Entrepreneurship, with HELIX participant.

Toronto, Oct. 24, 2018 – Seneca has been named one of ten winners of the inaugural TD Ready Challenge presented by TD Bank Group.

Seneca will receive a $1-million grant from the TD Ready Challenge to deliver the TD-HELIX Transformation Initiative, which will focus on re-skilling mid-career professionals at risk of job loss due to disruptive changes in the labour market. Seneca is the only GTA-based postsecondary institution to receive the grant.

“We are so grateful to the TD Ready Challenge for giving us this opportunity to reach such an important segment of the working world,” said Chris Dudley, Director, Seneca HELIX. “This gift will give us the opportunity to transform participants into creative thinkers, designers, problem solvers, collaborators and communicators. It will also build up their resilience as they navigate the ever-changing employment landscape.”

The TD-HELIX Transformation Initiative will build on the growth of Seneca’s on-campus HELIX incubation hub, which is dedicated to developing intra-and-entrepreneurial mindsets. It will also offer HELIX the ability to disseminate its programming to Seneca’s global community of 200,000 alumni initially, and eventually to mid-career professionals in North Toronto, York Region, and beyond.

“Seneca has brought forward a creative and scalable solution to help address the uncertainty associated with technological acceleration and the future of work." said Andrea Barrack, Vice-President, Global Corporate Citizenship, TD Bank Group. “Being a winner of the TD Ready Challenge is a testament to the skill, ingenuity, and vision of its creators, as well as their dedication to opening doors to a more inclusive and financially secure tomorrow."

The TD Ready Challenge is a signature initiative, laddering up to The Ready Commitment, TD's new corporate citizenship platform, aimed at opening doors to a more inclusive and sustainable tomorrow. Acting as a springboard for social innovation, TD established the TD Ready Challenge to identify and support scalable solutions to a specific issue identified within the drivers of The Ready Commitment. In its inaugural year, the TD Ready Challenge encouraged organizations across North America to create scalable solutions to help increase income stability and give people the skills they need for the economy of the future. In total, TD awarded $10 million (CDN) for the 2018 Challenge.

A full list of The Ready Challenge winners as well as more information about the challenge can be found at www.td.com/readychallenge.


About Seneca

Combining career and professional skills training with theoretical knowledge, Seneca’s expert faculty provide a polytechnic education to 30,000 full-time and 60,000 part-time students. With campuses in Toronto, York Region and Peterborough and education partners around the world, Seneca offers degrees, graduate certificates, diplomas and certificates in more than 300 full-time, part-time and online programs. Seneca’s credentials are renowned for their quality and respected by employers. Co-op and work placements, applied research projects, entrepreneurial opportunities and the latest technology ensure that Seneca graduates are highly skilled and ready to work.

Find out more at senecacollege.ca.
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For more information:
Lisa Pires
Seneca Media Relations
media.relations@senecacollege.ca
416.491.5050 ext. 77018


About The Ready Commitment

TD has a long-standing commitment to enriching the lives of its customers, colleagues and communities. In March 2018, TD launched The Ready Commitment, a new multi-year program to help individuals and communities prosper. As part of The Ready Commitment, TD targets CDN $1 billion (US $775 million) in total by 2030 towards community giving in four areas critical to opening doors for an inclusive tomorrow – Financial Security, a more Vibrant Planet, Connected Communities and Better Health. Through The Ready Commitment, TD's aspiration is to link business, products, services, and community giving to help people feel more confident - not just about their finances, but about their future and their ability to achieve their personal goals in a changing world. For further information, visit www.td.com/thereadycommitment.