Released on July 19, 2016
Saskatchewan Opportunities Corporation (SOCO) released its 2015-16 Annual Report today, profiling achievements of the technology parks in Saskatoon and Regina. SOCO, which operates under the business name Innovation Place, owns and manages 1.7 million square feet of rentable space, including laboratories, greenhouses, offices and specialized space located on the University of Saskatchewan and University of Regina campuses.
“SOCO continues to help grow Saskatchewan’s technology sector,” Minister responsible for SOCO Don McMorris said.
“The unique facilities, specialized scientific amenities and collaborative opportunities offered by the technology parks help attract new startups and support the growth of existing companies which ultimately contribute to the province’s vibrant tech sector community,” SOCO President and CEO Van Isman said.
Since 2007, Innovation Place has supported the establishment of 72 new private sector startups. Of the 136 companies that began at Innovation Place, 97 are still operational in Saskatchewan.
Highlights of the 2015-16 Annual Report:
The 2015-16 Annual Report is available online at www.soco.sk.ca.
- In 2015-16, SOCO produced net income of $1.65 million on total revenues of $47.2 million.
- Innovation Place became home to 10 new technology business startups in 2015-16.
- In mid 2015, Innovation Place launched a $32 million renovation of the east Atrium building, providing high-end lab facilities for the Saskatchewan Research Council, a long time anchor tenant in Saskatoon.
- With an increased focus on tenant programming, Innovation Place offered approximately 10 educational, training and networking programs per month to current tenants in 2015-16.
For more information, contact:
Saskatchewan Opportunities Corporation
Phone: 306-933-6258 Saskatoon 306-787-8554 Regina
Email: email@example.com or www.innovationplace.com