 In 2001, the university announced it would develop the Waterloo Research and Technology Park in the north campus.The park was planned to house many of the high-tech industries in the area, and is supported by the university, the Regional Municipality of Waterloo, the provincial and federal governments, and Canada's Technology Triangle.The aim was to provide businesses with access to the university's faculty, co-operative education students, and alumni, as well as the university's infrastructure and resources.