Paving the way for startups to tech giants

Dubbed the “Silicon Prairie,” the Saskatoon Region’s technology sector is a burgeoning landscape of innovation and entrepreneurship, positioning itself as a key player in the global tech arena and setting the foundation for start-ups to grow and thrive.

This vibrant sector benefits from incubators, accelerators, and a skilled talent pool, fostering a culture of creativity and technological advancement.

The Saskatoon Region’s focus on propelling advancements in ag-tech, bio-tech, mining-tech, health-tech, and ICT solidifies its role as a leader in technological innovation, driving economic growth.

Our workforce

We know that from people and potential comes prosperity. Our talent pool is eager, qualified, and highly employable with a prairie work ethic recognized around the world.

Notable Saskatoon Region Companies

With some of the most innovative companies in the country, the Saskatoon Region is fast becoming a world leader in technology.

At a glance

$512

million in venture capital

Saskatchewan companies attracted more than $512 million in venture capital.

7,200

technology professionals

Saskatoon Region employs almost 7,200 technology professionals.

2

Research Parks

Saskatchewan is home to two research and technology parks.

100

tenants

Innovation Place Research Park in Saskatoon hosts almost 100 companies and organizations in research and technology sectors.

201

technology start-ups

Co. Labs has incubated over 200 technology start-ups in Saskatchewan since its launch in 2017.

Business Incentives

See All Resources

Saskatchewan Research and Development (R&D) Tax Credit

The Saskatchewan Research and Development (R&D) Tax Credit encourages innovative research and development activity in Saskatchewan. The 10% income tax credit is refundable on the first million dollars of annual eligible expenditures for Saskatchewan Canadian-controlled private corporations.

Saskatchewan Tax Incentives

Saskatchewan Commercial Innovation Incentive (ICII)

The Saskatchewan Commercial Innovation Incentive (ICII) is a new growth tax incentive that offers eligible corporations a reduction of the provincial Corporate Income Tax (CIT) rate to 6%, for a period of 10 years. A first of its kind in North America “patent box” style tax incentive, the SCII program is open to a wide variety of eligible intellectual property (IP) types, including patents, plant breeders’ rights, trade secrets and copyrights (computer programs and algorithms).

Saskatchewan Business Incentives

Saskatchewan Technology Fund

The Saskatchewan Technology Fund is a funding program designed to support industry-driven technology, innovation, and improvement projects that lead to the mitigation, sequestration or capture of greenhouse gases (GHGs).

Innovation Saskatchewan

Saskatchewan Technology Start-Up Incentive (STSI)

The Saskatchewan Technology Start-Up Incentive (STSI) is designed to encourage investment in early-stage technology startups that bring new products to market and create jobs in Saskatchewan. The program offers a non-refundable 45% tax credit to Saskatchewan-based investors who invest in Eligible Technology Startup Businesses (ESBs).

Innovation Saskatchewan

Invest Canada

Invest in Canada is Canada’s global investment attraction and promotion agency. Facilitating global investment that spurs job growth and makes Canada stronger, Invest in Canada is the foreign investor’s primary point of contact.

Innovation Sask

Inbound Hosting Program

Explore new opportunities and build valuable connections in the Saskatoon Region with SREDA’s Inbound Hosting Program.

We’re here to help

Let our team guide you. Our experts are here to answer any of your questions and help you on your path to success.

Brad Bly

Director, Economic Development

(306) 664-0720 bbly@sreda.com