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Sask. tech start-ups optimistic about future after province extends investment incentives

Posted: Apr 16, 2021 6:13 AM CT | Last Updated: April 16
Kirk Morrison, CEO and co-founder of Krugo, a tech start-up based in Regina, says the STSI extension is good news for Saskatchewan s tech community. (Submitted by Kirk Morrison )
The Government of Saskatchewan is extending the existing Saskatchewan Technology Startup Incentive (STSI), and some start-ups say they re optimistic about the impact the decision will have on the growth of the province s tech sector.
The latest proposed legislation will extend STSI for five years, and introduces additions to the program that was first launched in 2018.
As the province emerges from the pandemic, the government remains committed to creating a competitive business environment that stimulates investment and growth, said Jeremy Harrison, the minister responsible for Innovation Saskatchewan, in a statement. ....

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Supporting a growing Saskatchewan tech sector

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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What the federal government has to offer small businesses led by women

What the federal government has to offer small businesses led by women
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