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The institution was established on 1 July 1957 as the Waterloo College Associate Faculties, a semi-autonomous entity of Waterloo College, then an affiliate of the University of Western Ontario. This entity formally separated from Waterloo College and was incorporated as a university with the passage of the University of Waterloo Act by the Legislative Assembly of Ontario in 1959. It was established to fill the need to train engineers and technicians for Canada's growing postwar economy. It grew substantially over the next decade, adding a faculty of arts in 1960, and the College of Optometry of Ontario (now the School of Optometry and Vision Science), which moved from Toronto in 1967.
