Saskatchewan Technology Startup Incentive (STSI)


Saskatchewan Technology Startup Incentive (STSI)

A tax credit to encourage investment in early-stage technology startups.


Remaining Budget*

Tax credits will be issued on a first-come, first-served basis.  Once the budget has been drawn down to zero, the remaining applicants will be eligible for next year's budget allocation.

*Fiscal year ends March 31, 2020

The remaining budget for 2019-20 is: $691,687

The remaining budget for 2020-21 is: $2,500,000

*As of September 26, 2019. Subject to change.




Applicants applying to both the Saskatchewan Advantage Innovation Fund (SAIF) and the Saskatchewan Technology Start-up Incentive (STSI) are limited to a lifetime cap of $450,000 combined between the two programs.

  • For more information refer to the Stacking Policy section of the Program Guide or contact the program manager.




STSI is designed to encourage investment in early-stage technology startups that bring new products and services to market and create jobs in Saskatchewan. 

The 2.5-year pilot program offers a 45% non-refundable tax credit to investors who invest in Eligible Technology-based Startup Businesses (ESBs). The program operates on a first-come, first-serve basis.

Under the program, an investor can earn a maximum of $225,000 in tax credits per investment in an ESB (annually) and claim a maximum of $140,000 per tax year. Tax credits can be carried forward for up to four years.

An ESB under the program can raise a maximum of $1 million in investment.

The goal of STSI is to help build and retain technology startups in Saskatchewan by providing easier access to patient and risk-tolerant funding from Saskatchewan investors.  Keeping technology companies in Saskatchewan enables a strong startup community that employs highly skilled people and grows the entrepreneurial talent in the province.

Startup Businesses and Investors interested in registering with the STSI program are required to do so through the online application portal

View a sample version of the application for Technology Companies or InvestorsYou must apply through the online portal.

View the list of approved Eligible Startup Businesses.

View the list of approved Accredited Investors.



Eligible Startup Businesses (ESBs)

In order to be eligible to register under the STSI as an ESB, a business must:

  • Have fewer than 50 employees, including full time, part-time, and contract workers;
  • At least 50% of employees must be based in Saskatchewan;
  • Have a permanent establishment in Saskatchewan;
  • Have not previously raised more than $5 million in equity capital; and,
  • Must be a technology-based startup, with a novel technology for sale or under development for sale as a new product or service.  The technology can be from any industry as long as a company is actively developing a novel technology as a new product or service.

Venture Capital Corporations (VCCs)

In order to be eligible to register under the STSI as a VCC, a business must:

  • Track eligible investor contributions to invested ESBs;
  • Must have equity capital of at least $25,000 at the time of registration;
  • Have a share structure consisting of common shares having no special rights or restrictions and/or common shares having special rights relating only to the redemption of the shares by the corporation;
  • An existing venture capital corporation may have to establish a separate fund for the purposes of raising funds to invest in an ESB; and,
  • The funds intended for ESB investment may not receive tax credits from other incentives.


Both individuals and corporations may invest under the STSI.  This includes:

  • Accredited investors (i.e., Angel investors);
  • Corporate investors;
  • Venture capital corporations; and,
  • Close family, friends, and business associates of the promoters of the ESB, provided they satisfy the exemption requirements laid out in The Securities Act, 1988 as specified by the Financial and Consumer Affairs Authority of Saskatchewan. 
  • Please note that founders are not eligible to invest in their own company.

Additional information on eligibility criteria can be found in the Program Guide.



How to Apply 

The STSI program is a first-come, first-served program.  Applicants must fill out and submit their applications through the online application portal.  Please note, applications not submitted through the portal will not be reviewed.

For more details on the type of information applicants will be required to submit, please refer to:

Create a user account and login using the button below.

Online Application Portal

For more detailed information on how to apply, please see the Program Guide.

Please Note:

  • All attachments must be under 5MB.  If the attachment is over 5MB, your information will not be submitted and may be lost.
  • You will receive an email confirmation when your application has been submitted.  If you have not received confirmation, your application has not been submitted.  



After you Apply

Applications will be evaluated on a first-come, first-served basis.  The STSI program administrator will thoroughly evaluate the applications to ensure that all eligibility criteria are met.  The STSI administrator will also be working with the National Research Council Canada Industrial Research Assistance Program (NRC IRAP).  The NRC IRAP advisors will be responsible for the third-party review to ensure the technology is novel and unique.



Apply for a Tax Credit Certificate

Once an agreement to invest in an ESB has been made (i.e., through a Letter of Intent or Term Sheet):

  • ESBs: The ESB must apply for a Tax Credit Certificate on behalf of the individual or corporate investor
  • VCCs: The VCC must apply for a Tax Credit Certificate on behalf of the individual investors.

You can find the Tax Credit Certificate Application form here.

Tax Credit Certificate Applications must be submitted by email to



Claiming the Tax Credit

Once you have received a Tax Credit Certificate from Innovation Saskatchewan, follow these steps to claim your tax credit.


Reporting Requirements

ESBs and VCCs are required to file annual reports with the STSI Program Administrator within six months of their fiscal year-end.

An ESB or VCC must submit an Annual Return in each of the 2 consecutive calendar years following the date of its most recent issue of equity shares (in which tax credits were issued).

The Annual Return for an Eligible Startup Business can be found here.

The Annual Return for a Venture Capital Corporation can be found here.

Annual Returns must be submitted by email to


Additional Program Details

For any questions about the program, please contact the Program Administrator at