The Canadian Olympic Basis and the Paralympic Basis of Canada introduced on March 30 that Canadian tech entrepreneur Sanjay Malaviya has made a $1.2 million donation to straight assist Group Canada’s Tokyo 2020 and Beijing 2022 medallists.
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Canadian entrepreneur Sanjay Malaviya makes $1.2 million donation to straight assist Group Canada’s Olympic and Paralympic Tokyo and Beijing medallists.
$5,000 per medal.
130 Olympians and 53 Paralympians will obtain a grant by means of this donation. @CBCOlympics
— Devin Heroux (@Devin_Heroux) March 30, 2022
That is the primary time a big present of this magnitude has been given on to Olympic and Paralympic medallists by means of the Canadian Olympic Basis. Every athlete who gained a medal in Tokyo or Beijing will obtain a $5,000 grant per medal earned. One other $100,000 will go on to the NextGen program, which helps assist future Canadian Olympians and Paralympians.
In a press launch from the Canadian Olympic Committee, Malaviya mentioned, “Our Olympic and Paralympic athletes have impressed this nation and united us throughout a really tough time. It’s an honour to have the ability to have fun their achievements and assist them spend money on their future.”
Sanjay Malaviya donates $1.2M to Olympic and Paralympic medallists! 🇨🇦
Learn all concerning the historic information right here: https://t.co/ce19XabXCl pic.twitter.com/eD85KPEdYq
— Paralympic Basis of Canada (@ParalympicFdnCA) March 30, 2022
There have been 50 medals gained by Canadian athletes on the Tokyo and Beijing Olympics and 47 medals at each Paralympics. 100 and thirty Olympians and 53 Paralympians will obtain the $5,000 grant by means of this donation. The excessive quantity is because of the variety of rostered athletes on the ladies’s hockey and soccer groups, which each gained gold on the Tokyo Video games.
Canada’s Andre De Grasse shall be one of many top-earning athletes from this donation, successful three medals within the 100m, 200m and 4x100m relay on the Tokyo Olympics.
“The present Malaviya has made is really exceptional, particularly following the challenges Canadian athletes needed to face over the previous few years,” mentioned Jacquie Ryan, Chief Model and Industrial Officer of the Canadian Olympic Committee and CEO of the Canadian Olympic Basis.
Malaviya is a Canadian healthcare expertise entrepreneur who has developed superior IT merchandise which have helped greater than 2,000 well being organizations all over the world. His ardour for sport comes from his appreciation of the teachings that athletes can carry from sport to all different points of life. “Group Canada athletes have demonstrated that may deal with something over the previous two years,” says Malaviya. “The previous two video games have been a supply of inspiration for all Canadians to share Olympic and Paralympic values.
This present will play a pivotal function in empowering Canada’s prime Olympic athletes as they start to organize for the rostrum in Paris 2024 and Milan-Cortina 2026.