Canadian medallists at Paris Olympics to get bump in podium prize money after entrepreneur’s donation

A donation by Canadian health-care technology entrepreneur Sanjay Malaviya of Hespeler, Ont., will make a gold medal worth a total of $25,000, silver $20,000 and bronze $15,000 to athletes

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“I really wanted the dollars to go directly to the athletes,” Malaviya said. “I’ve had a lot of calls from Olympians and Paralympians who really appreciated the recognition and acknowledgment. I was overwhelmed by that. I didn’t really expect that. Malaviya committed $4-million to an $8-million endowment fund to sustain medal money for Paralympians into the future.

Malaviya founded RL Solutions in 1997 in Toronto to design health-care software for patient feedback, incident reporting and risk management.

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