News Summary

Saskatchewan has unveiled its inaugural research strategy to enhance the commercialization of research and offer tax incentives for tech startups. The strategy aims to accelerate the province’s plan to triple the technology sector by 2030. Innovation Saskatchewan is expanding the Saskatchewan Technology Startup Incentive (STSI) to include life sciences and cleantech startups, providing a 45-percent non-refundable tax credit for local investors. The agency has also increased the annual cap for STSI and funding for the Innovation and Science Fund (ISF), which supports research infrastructure and commercialization programs. The ISF’s funding has almost doubled, now including four application streams. Additionally, Saskatchewan’s tech sector employment has doubled in recent years, accounting for a significant portion of new jobs. Venture capital investments in Saskatchewan startups have reached $11 million in Q1 2025, indicating a positive trend for the province’s tech industry.