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Scholarships and Grants

ICD-Rotman DEP Diversity Scholarship

The ICD-Rotman DEP Diversity Scholarship aims to facilitate the development of diverse representation in boardrooms across all sectors of the Canadian economy by providing access to governance education, to advance and strengthen directors' contributions to Canada's boardrooms and beyond. This scholarship program has been made possible by the Institute of Corporate Directors (ICD), the Rotman School of Management, and their network of partner business schools across Canada.

Those who are awarded scholarships will be enrolled in the ICD-Rotman Directors Education Program, will have their application, tuition and examination fees waived. In addition, successful candidates will receive a complimentary one-year membership to the ICD.

There are, on average, 15 scholarship opportunities annually, with one scholarship awarded for each cohort of the ICD-Rotman DEP.


Consideration for ICD-Rotman DEP Diversity Scholarship is contingent on meeting the eligibility criteria for admission to the DEP.

Click here to review the DEP admissions criteria.

Eligibility for the ICD-Rotman DEP Diversity Scholarship is based on:

  1. Meeting the DEP admissions requirements
  2. Attesting to financial need
  3. Self-identification within the diversity eligibility criteria:
    • Women
    • Indigenous Peoples
    • Persons with visible or invisible/episodic disabilities
    • Members of racialized communities
    • Those identifying as from the 2SLGBTQI+ community
  4. Contributing to the balance of diversity and experience within the class mix.

*Note: consideration will be given to the intersectionality of criteria in section 3.

Application and Review Process

Before filling out the online DEP scholarship application form and submitting all necessary documentation as directed, be sure you meet both the DEP eligibility and the scholarship requirements listed above.

Applications for each DEP offering will be accepted until the program’s application deadline, after which they are all collectively evaluated by the DEP Admissions Committee and the DEP Scholarship Review Committee. Candidates will receive a notification of the Committees’ decisions by email approximately one month before the program start date. 

Scholarship candidates are evaluated based on financial need and self-identification within the diversity criteria. Only those applicants that meet the DEP eligibility and scholarship requirements will be considered for the ICD-Rotman DEP Diversity Scholarship. To protect the privacy of scholarship applicants and recipients, their identities (as scholarship applicants) will not be disclosed outside of the Review Committee.

What the Scholarship Includes

The DEP application fee will be waived for applicants of the ICD-Rotman DEP Diversity Scholarship.

Those awarded scholarships will have their tuition and the cost of the ICD.D exam covered. Scholarship recipients will also receive a complimentary one-year membership to the ICD.

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