Saskatchewan Advantage Innovation Fund

📋 Eligible Entities - Private businesses and corporations operating in Saskatchewan - Small and medium-sized enterprises (SMEs) - Sole proprietors and partnerships - Joint ventures with Saskatchewan-based partners - Must be registered and operating in Saskatchewan - Must demonstrate active involvement in one of the eligible sectors ### 💰 Funding Details - Maximum Grant Amount: $450,000 per applicant - Grant Type: Non-repayable grant (funding does not require repayment) - Matching Requirements: Typically requires applicant cost-sharing or matching contribution (exact ratio varies by project) - Funding Structure: Direct grants to support commercialization activities - No loan component: This is grant-based funding, not a loan program ### 🛠️ Approved Expenses - Commercialization activities and market development - Technology adoption and implementation - Product or process innovation development - Research and development (R&D) related to commercialization - Equipment and technology purchases - Professional fees (consulting, engineering, technical services) - Training and workforce development for new technology - Intellectual property protection and patents - Market testing and feasibility studies - Infrastructure improvements for innovation deployment Eligible Sectors: - Mining - Energy - Manufacturing and Processing - Healthcare ### ⚠️ Conditions & Milestones - Projects must focus on commercialization or technology advancement - Activities must align with one of the four designated sectors - Applicants must submit detailed project proposals with timelines and budgets - Regular reporting and milestone verification required throughout project duration - Funds must be deployed according to approved project plan - Applicants may be required to provide progress updates and demonstrate commercialization outcomes - Grant recipient must maintain Saskatchewan operations during and after project completion - Funding is contingent on project feasibility and alignment with program objectives - Compliance with Saskatchewan business regulations and grant agreement terms required