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.
The continuation of his Team Canada Podium Awards at both the Paris Games and the 2026 Winter Games in Milan-Cortina, Italy, adds to the $20,000 for gold, $15,000 for silver and $10,000 for bronze given to athletes by the Canadian Olympic and Paralympic committees. Malaviya of Hespeler, Ont., was also a driver behind the recent announcement that Canada's Paralympic medallists will be financially rewarded for the first time in Paris, and at the same level as Olympic athletes who have received medal bonuses since 2006.
"He is a nation builder, he cares about the role that these athletes play, so he wants to help fund them and make sure that they have all the resources they need on the path to the podium because they inspire us all." "When you think of the calibre of people who compete at that level on the world stage, there's just no other way to get there than to be resilient, than to be persistent, than to know how to deal with failure, than to get up when you get knocked down and start again," Malaviya said.
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