Live Breaking News & Updates on Saskatchewan Technology Incentive Amendment

As the province emerges from the pandemic, the government remains committed to creating a competitive business environment that stimulates investment and growth, Minister Responsible for Innovation Saskatchewan Jeremy Harrison said.  The STSI program is well positioned to do this.  By reducing the barriers tech entrepreneurs face in accessing capital, the program has been instrumental in supporting the growth of tech startups that bring new products to market and create jobs in the province.
STSI offers a non-refundable 45 per cent tax credit to individuals, corporations, and venture capital funds that invest in early-stage technology companies.  Since launching in 2018, the program has attracted $22 million of investment and supported the creation of 144 new jobs among 62 eligible companies.  The incentive has increased the size of the province s investor pool, with 184 investors being approved to raise capital. ....

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