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INNOVATION SASKATCHEWAN SUPPORTING THE GROWTH OF AGRICULTURAL TECHNOLOGY

The
Innovation Saskatchewan Amendment Act, 2021, to further support agricultural technology development in the province. This legislation provides the authority for Innovation Saskatchewan to make investments in agricultural technology (agtech) startups through a Venture Capital fund.
As our economic recovery continues, our government remains committed to supporting growth and investment in the technology sector, Minister Responsible for Innovation Saskatchewan Jeremy Harrison said. The changes we are making to
The Innovation Saskatchewan Act will allow for new investment into game-changing technology for farmers and producers that will help accelerate our economic recovery and become a significant economic driver for our province.
As part of the 2021-22 Provincial Budget, the Government of Saskatchewan announced it will be investing $15 million - $3 million per year over five years - in an agtech Venture Capital fund. The fund, which will be privat ....

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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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New measure from Alberta, Saskatchewan securities regulators meant to increase investment potential for startups

New measure from Alberta, Saskatchewan securities regulators meant to increase investment potential for startups
The securities regulators in Alberta and Saskatchewan recently adopted a new measure designed to provide greater access to capital for businesses and broaden investment opportunities for investors in the region.
“This new exemption should expand the pool of potential investors in early stage businesses.”
The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have adopted a new prospectus exemption that allows investors who self-certify to having certain financial and investment knowledge to invest alongside accredited investors.
“This new financing tool will allow investors who have financial or investment education, such that they can appreciate the risks of investing, to invest alongside accredited investors,” said Stan Magidson, chair and CEO of the ASC. ....

Jeremy Harrison , Roger Sobotkiewicz , Stan Magidson , Consumer Affairs Authority Of Saskatchewan , Alberta Securities Commission , Saskatchewan Technology Startup Incentive , Consumer Affairs Authority , Financial And Consumer Affairs Authority Of Saskatchewan , ஜெர்மி ஹாரிசன் , ஸ்டான் மாக்ட்சன் , நுகர்வோர் வாழ்க்கைத்தொழில்கள் அதிகாரம் ஆஃப் சஸ்காட்செவன் , ஆல்பர்ட்டா பத்திரங்கள் தரகு , சஸ்காட்செவன் தொழில்நுட்பம் தொடக்க ஊக்கத்தொகை , நுகர்வோர் வாழ்க்கைத்தொழில்கள் அதிகாரம் , நிதி மற்றும் நுகர்வோர் வாழ்க்கைத்தொழில்கள் அதிகாரம் ஆஃப் சஸ்காட்செவன் ,