LIAM (Laboratory for Industrial and Applied Mathematics) was founded in 2002, and its major computing facilities were initially funded by the Canada Foundation for Innovation, Ontario Innovation Trust, and the Canada Research Chair Program. Additional equipment and regular maintenance of LIAM have also been supported by the Natural Sciences and Engineering Research Council of Canada and LIAM's industrial partners.

LIAM has been serving the educational and training needs in industrial and applied mathematics while fostering a research intensive environment in the research group directed by Dr. Jianhong Wu, a Canada Research Chair and University Distinguished Research Professor in Industrial and Applied Mathematics. LIAM aims to creating opportunities for computationally intensive projects and providing a locus around which industrial outreach is centered and built. LIAM welcomes interdisciplinary research opportunities as well as industrial collaboration and support for various projects in nonlinear dynamics and data analytics.