176231
178251

BC  

Vancouver's Science World launches fundraising campaign after COVID leaves $13M hit

Science World seeks $10M

Science World has launched a $10 million fundraiser to renew exhibits and create new virtual content to be shared with students and teachers far outside the Vancouver dome.

The campaign was launched today in an effort to further expand STEAM (science, technology, engineering, arts and design and math) learning across the province and into barriered communities. The COVID-19 pandemic has accelerated the need for the non-profit organization to deliver educational content in a digital capacity Science World wrote in a statement regarding the fundraiser.

“It’s up to all of us to ensure that B.C., and Canada, are able to compete on a global scale in the quest for talent,” said CEO Tracy Redies. “Currently, we are facing skills shortages in essential fields so we need to equip our youth with the right tools to succeed in the future.”

Redies says it is estimated that two-thirds of students entering elementary school today will be employed in jobs that do not currently exist. Of those new jobs, about 80 per cent will require STEAM literacy.

“Science World is uniquely positioned to support the learners of today so they’re ready for the challenges of tomorrow. This important fundraising campaign will help us succeed in doing just this,” Redies said.

Science World has seen a drop in revenue of approximately $13 million as a result of the pandemic since 80 per cent of its revenue from ticket sales and events. Less than 2 per cent of Science World’s funding comes from the government.

Science World plans to spend $5 million on immersive experiences, exhibit renewal and capital projects, and $5 million to scale its program digitization to reach 3.44 million viewers in the coming year.



More BC News

178065