Federal Funding Injected to Revolutionize Saskatchewan’s Technology Sector, Minister Vandal Reveals

• Minister Vandal announces federal funding of $2,571,000 from PrairiesCan to support Co.Labs’ tech incubator in Saskatchewan
• Co.Labs has successfully incubated 201 tech start-ups in Saskatchewan, raising over $37 million in private investment and creating over 800 jobs
• Federal investment aims to continue the growth of Saskatchewan’s tech ecosystem through programs like the XiR program and the UP conference
• The XiR program provides strategic advice to high performing founders and companies to accelerate growth
• PrairiesCan’s investment demonstrates commitment to Saskatchewan’s tech sector growth, unlocking new expertise for local startups

Federal Funding Boosts Saskatchewan’s Technology Sector

In an exciting development for Saskatchewan’s technology ecosystem, Minister Vandal has announced a significant federal funding injection aimed at strengthening and expanding the province’s tech sector. The funding, totaling $2,571,000 from PrairiesCan, is set to bolster initiatives such as Co.Labs’ tech incubator and the establishment of the new XiR program.

Co.Labs: Cultivating Saskatchewan’s Tech Start-Ups

Co.Labs, a well-known tech incubator in Saskatchewan, has been a key player in nurturing the growth of tech start-ups in the region. Since its inception in 2017, Co.Labs has successfully incubated 201 tech start-ups, raising over $37 million in private investments, generating $60 million in revenue, and creating more than 800 jobs. Moreover, the annual “Uniting the Prairies” event organized by Co.Labs has become a prominent platform for showcasing the progress and achievements of the Prairie tech sector, drawing participants from Saskatchewan, Alberta, and Manitoba.

Introducing the XiR Program: Accelerating Growth for Tech Companies

One of the highlights of the federal funding announcement is the launch of the XiR program, which is designed to provide expert strategic advice to high-performing founders and rapidly growing tech companies. This program aims to equip these entities with the necessary tools and guidance to accelerate their growth and scale their operations effectively. Minister Vandal emphasized the importance of supporting entrepreneurs and start-ups, recognizing their role in building a robust and resilient economy across the Prairies.

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Government Commitment to Saskatchewan’s Tech Ecosystem

Minister Vandal’s announcement underscores the government’s commitment to fostering the growth of Saskatchewan’s tech ecosystem. PrairiesCan’s investment in initiatives like Co.Labs and the XiR program signifies a strategic move to nurture local talent, drive innovation, and create high-quality jobs within the tech sector. The support provided by the federal government is instrumental in unlocking new opportunities and expertise for Saskatchewan’s budding start-ups, enabling them to thrive and succeed in a competitive landscape.

The federal funding allocated to Saskatchewan’s technology sector marks a pivotal moment in the province’s journey towards becoming a hub for innovation and tech entrepreneurship. With initiatives like Co.Labs and the XiR program receiving substantial support, the future looks promising for tech start-ups and companies in Saskatchewan as they continue to drive economic growth, create employment opportunities, and make significant contributions to the thriving tech ecosystem in the region.