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government introduces saskatchewan technology start-up incentive legislation

The following is an excerpt from an April 30 media release published by the Government of Saskatchewan

Minister Responsible for Innovation Saskatchewan Tina Beaudry-Mellor, today introduced Bill 129, The Saskatchewan Technology Start-up Incentive Act, for first reading in the Saskatchewan Legislature.
Designed to increase investment in early stage technology companies, the incentive will offer a 45% non-refundable tax credit for individual and corporate equity investments in eligible technology startup businesses, capped at a maximum annual benefit of $140,000 per investor.

The Saskatchewan Technology Start-Up Incentive will strengthen the province’s innovation commercialization strategy, complementing recent related policies and programs the government has developed, including:

  • Co.Labs—Saskatchewan’s first technology incubator;
  • the reformed Saskatchewan Research and Development Tax Credit; and
  • the Saskatchewan Commercial Innovation Incentive.

Read the full media release

More About Co.Labs

Led by Executive Director Jordan Dutchak, Co.Labs provides early stage technology startups and entrepreneurs with support and mentorship that help foster company growth and success.

A Co.Labs Board, comprised of local tech leaders, serves as a valuable resource to new and existing companies in a highly competitive market.

Located in the Concourse building in Saskatoon, Co.Labs is a valued contributor to the vibrant startup and entrepreneurial community at Innovation Place.

For more information, visit the Co.Labs website

- May 2, 2018

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