USask has been a key sponsor of Co.Labs since the incubator’s inception in 2018. Under the agreement, the university will provide an annual investment of $60,000 for three years. This is an increase from the current support of $30,000 per year in support of Co.Launch a 12-week program in which founders learn startup fundamentals and compete for funding and a full-time spot at Co.Labs. The new MOU was announced by USask President Peter Stoicheff at the virtual Co.Launch pitch event held Thursday. “Our relationship with Co.Labs exemplifies the vision outlined in our University Plan 2025, and is an excellent example of the meaningful impact we have within our community and how we are prepared to be the university the world needs,” said Stoicheff. “We both have a common mission to generate ideas, and support them to find success out in the world, and we are proud to partner with Co.Labs on this important work.”