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Innovation Saskatchewan Invests $1.2 Million in Technology Projects for Core Sectors

Released on December 7, 2021

The Government of Saskatchewan is committing to a multi-year, $1.2 million investment in six Saskatchewan innovators through the Saskatchewan Advantage Innovation Fund (SAIF) and Agtech Growth Fund (AGF).  SAIF supports commercialization of game-changing technological innovations in the province's core economic sectors, while AGF operates in parallel as a research and development funding program designed to accelerate the commercialization of game-changing technological innovations in the province's agricultural sector.

"This funding helps companies accelerate their R&D and commercialization process," Minister Responsible for Innovation Saskatchewan Jeremy Harrison said. "Putting focus on Saskatchewan's technology resources and natural economic strengths will drive our economy forward." 

In 2019, Maven Water and Environment received $300,000 from SAIF and has been growing their business exponentially. Maven's technology and consulting services are being implemented coast to coast in Canada, and globally in areas such as South America and the Caribbean. 

"Many people don't recognize we're innovative in Saskatchewan," Maven Water and Environment CEO and Principal Scientist Monique Simair shares. "We don't have to wait around or try to find someone else to solve your problems. If you need support, you'll know someone to call."

Getting started here has been beneficial for the Maven team since they have had the opportunity to quickly scale and leverage the close-knit tech sector in the province. Maven is currently doubling their space and expanding their team. With more than 30 open job positions, they are looking for quality candidates who are passionate about building a sustainable future.

The intake period for both SAIF and AGF is held twice per year. Funding decisions have been made for the first half of 2021 and include non-repayable grants to companies listed in the backgrounder. 

For more information about the Saskatchewan Advantage Innovation Fund (SAIF), and Agtech Growth Fund (AGF), visit www.innovationsask.ca.

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For more information, contact:

Tyler Dunn
Innovation Saskatchewan
Saskatoon
Phone: 306-933-7389
Email: tyler.dunn@innovationsask.ca

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