history

Thanks to a very generous founding gift from Wallace McCain, the Wallace McCain Institute was founded “to build & nurture the most inter-connected community of entrepreneurial business leaders in North America for the betterment of themselves, their companies & their region.”

Hear from Margaret McCain about why starting the institute was important to Wallace McCain.

Here is a very interesting overview of the Institute's early beginnings, "Reflections on the Start of the Wallace McCain Institute in 2006" with President Emeritus Dr. John McLaughlin.

And now, for more history, here is a video recorded in April of 2014 with Mr. Derek Oland, Founding Chairman, explaining the “Early Days of the Wallace McCain Institute at UNB”.


By the summer of 2007, the WMI programs (right column below) had been designed to target specific ingredients of a better region (left column below) to accomplish the vision of making NB and surrounding region the best place in Canada to start and grow a company.


The programs were also designed to typically operate at break-even, allowing the Institute to maintain a stable financial position. After 3 years of programming, Wallace and Margaret donated another $5M to the Institute in February 2011 prior to Wallace’s death in May of that year. The trust fund and pledges are stable and in access of $7M.

Peer programming that builds business judgment is at the core of WMI’s programming. There are 16 peer groups made up of 223 members that meet 4 - 12 times each year and pay fees that range from $1000 per year to $20,000 per year. As an indicator of the popularity of the Institute, the flagship Entrepreneurial Leaders Program (ELP), attracted roughly 400 nominations for the 16 openings from entrepreneurs in the Greater Atlantic Area. See the infographic attached with other key measures.