Saskatchewan Technology Startup Incentive (STSI)

By mmuise
Description:

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). Tax credits are allocated on a first-come, first-served basis.


Comments on Funding:

An investor can earn up to $225,000 in tax credits per annual investment in an ESB and claim a maximum of $140,000 per tax year.

Deadline: Rolling deadline
Eligibility:

In order to register as an Eligible Startup Businesses (ESBs), a company must:

  • have fewer than 50 employees, including full-time, part-time, and contract workers. At least 50% of these employees must be based in Saskatchewan;
  • have its head office in Saskatchewan and be registered to carry on business in the province;
  • have not previously raised more than $5 million in equity capital; and,
  • be a technology-based startup with a novel technology for sale or applying existing technologies in a novel way to create a new product, service, or process. The technology must be digitally based - electronic systems, devices, and tools (hardware/software).
  • A startup is not eligible if its principal line of business is in the following areas:
    a) Biotechnology and life sciences;
    b) Food processing and value-added manufacturing (see here for related incentives).
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise