On Wednesday, the Canadian Paralympic Committee and the Paralympic Basis of Canada introduced a major shift within the monetary panorama for Paralympic athletes. Every Paralympic medallist for Canada, beginning on the 2024 Paralympic Video games in Paris, will obtain an equal prize to that of their Olympic counterparts.
The newly unveiled Paralympic Efficiency Recognition program, launched on the Canadian Museum of Historical past in Gatineau, Que., guarantees a major shift within the monetary panorama for Canadian Paralympic athletes.
Gold medallists will earn $20,000, silver medallists $15,000 and bronze medallists $10,000, which is able to create parity for Paralympic athletes.
This pioneering program was made potential by an preliminary $8-million endowment from the Paralympic Basis of Canada, the Canadian Paralympic Committee’s philanthropic associate. Sanjay Malaviya, CEO of healthcare tech firm RL Options, contributed $4 million, with $2 million matched by the Canadian authorities, and an extra $2 million to be raised.
Malaviya, reflecting on the second, stated in a press launch that he believed this program was a very long time coming. “Canada’s Paralympians are unbelievable athletes who unite all of us as they proudly characterize our nation, and I’m thrilled to have the ability to assist them and rejoice their accomplishments on this method.”
Canadian Paralympian Nate Riech indicators skilled take care of ASICS
This isn’t the primary time Malaviya has made a considerable donation to Canadian athletes. In March 2022, Malaviya gave 130 Olympians and 53 Paralympians $5,000 every for successful a medal on the Tokyo (summer time) and Beijing (winter) Video games—a donation of $1.2 million.
A complete of 128 athletes (57 males and 71 girls) represented Group Canada on the 202 Tokyo Paralympic Video games, with 21 athletes successful medals for Canada. Two of the 5 gold medals had been received in athletics. Victoria’s Nate Riech received gold within the males’s T38 1,500m, and Greg Stewart received gold within the males’s F46 shot put.
Comparable initiatives for Paralympic athletes additionally exist in different nations—resembling France, the U.S., and Australia—and this system for Canadian Olympians has been in place since 2006. The 2024 Paris Paralympic Video games will start Aug. 28 and run till Sept. 8.
