Our province has over 5,000 tech companies and over 31,000 people working in the tech sector with Saskatoon having the second-fastest growing tech hub in Canada.
The Saskatchewan Party government created the Saskatchewan Technology Startup Incentive (STSI) - the most aggressive angel tax credit in Western Canada. Since its inception in 2018, the STSI has approved
$3.47 million in tax credits helping attract $11 million in private investment and creating 73 new jobs.
Several investments have been made by the Saskatchewan Party government to support the growing technology sector in Saskatchewan including:
- $11.6 million multi-year funding agreement for the Sylvia Fedoruk Canadian Centre for Nuclear Innovation at the University of Saskatchewan;
- $110,000 in funding to deliver digital literacy programming to students and teachers in Northern Saskatchewan through RoboX;
- Funding to the Saskatchewan Polytechnic Innovative Manufacturing Centre to support the purchase of metal 3D printing equipment;
- $175,000 to Deep Earth Energy Production for a Geothermal prefeasibility study; and
- $90,000 to Provided ComIT to provide coding training to underemployed and unemployed newcomers.
Saskatchewan's first tech incubator, Co. Labs, was opened by the Saskatchewan Party government. This incubator provides mentoring 100 tech companies and attracting $8.2 million in private investment Co.Labs which has helped create 179 jobs and bring in over $13.1 million in revenue.
We are proud to invest in our province's growing technology and innovation sector and will continue to support this important component of Saskatchewan's economy.