Backgrounder: Minister Vandal announces investments in technology and innovation in Saskatchewan
Backgrounder
PrairiesCan is investing $6,336,624 million for nine projects in Saskatchewan. These investments in the Saskatchewan economy support digital technology, innovation, and business growth through repayable funding direct to business, and targeted initiatives for business organizations which are non-repayable.
Non-repayable program funding
Investments announced today under the Community Economic Development and Diversification (CEDD) program and Regional Innovation Ecosystems (RIE) program are non-repayable, and will support regional economic ecosystems, including Indigenous communities. The CEDD program contributes to the economic growth and diversification of communities across the Prairie provinces. Through this program, PrairiesCan enables communities to leverage their capacity and strengths to respond to economic development opportunities and adjust to changing and challenging economic circumstances. The RIE program helps create, grow, and nurture inclusive regional ecosystems that support what business needs to innovate from start to finish. Through RIE, targeted investments in not-for-profit organizations support businesses in priority sectors to innovate, grow and compete globally. RIE also promotes inclusive growth by helping under-represented groups more fully participate in the innovation economy.
- Indigenous Manufacturing and Contracting Network Inc. ($160,000)
Provide training and mentorship opportunities for Indigenous companies and assist Indigenous SMEs with business development in the manufacturing and contracting sectors. - Conexus Credit Union 2006 (Conexus) ($75,000)
Cultivator powered by Conexus will host the Startup Summit in 2023, 2024, and 2025 in Regina, Saskatchewan, fostering a vibrant ecosystem for founders, investors and mentors that will provide founders with the tactical insights and connections to scale-up. - University of Regina ($35,000)
Facilitate the Graduate Advanced Training and Entrepreneurship (GATE) Centre’s Startup 101 Bootcamp in 2023/24 and 2024/25 introducing U of R students, postdocs, and faculty to the world of entrepreneurship through connections with the start-up community.
Repayable program funding
Through the Business Scale-up and Productivity (BSP) program, the Government of Canada supports high-growth businesses seeking to improve productivity, scale-up and commercialize technology. BSP offers interest-free, repayable funding to incorporated high-growth businesses that have been operating in the Prairie provinces for a minimum of two years. The following repayable BSP funding was announced today by PrairiesCan:
- Andgo Systems Inc. ($2,100,491)
Support scale up operations and sales of Andgo’s workforce management software platform that allows large employer enterprises to optimize staffing levels, improve efficiency, and enhance employee satisfaction. - Saskarc Inc. ($1,134,133)
Purchase automated processing equipment to increase its structural stick steel fabrication capacity. Structural stick steel is used in large infrastructure projects like airports, bridges, and high-rise buildings. - Dasro Consulting Inc. ($882,000)
Establish a new cloud-based digital recruitment platform that will help employers in need of specialized IT or engineering professionals hire and manage qualified candidates based on their schedules and preferences, and support Dasro’s international market expansion. - DynaIndustrial GP Inc., general partner of DynaIndustrial LP ($850,000)
Purchase, install, and commission equipment to streamline the manufacturing process of their steel segment rolls and increase overall manufacturing capacity. - QuickLinkt Solutions Inc. ($600,000)
Expand market reach for a digital management platform into the U.S. by hiring sales, marketing, engineering, and support staff. The proprietary platform integrates and executes various engagement and administrative tasks associated with sports leagues, teams, and tournaments including registration, payments, scheduling, notifications, attendance, and streamlines communications. - Cubbi Technologies Inc. ($500,000)
Increase operations and marketing to pursue new market opportunities for food delivery in Saskatoon, Calgary, and Regina. Cubbi provides food delivery services to businesses and their employees using specialized refrigeration systems and an online mobile application.
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