January 31, 2022 By Prairies Economic Development Canada
Canada announced an investment of $900,000 to support Regina’s Agtech Accelerator.
Established by Economic Development Regina (EDR) and Cultivator powered by Conexus and Emmertech, Canada’s first venture-backed agtech accelerator supports early-stage agtech companies to scale-up and grow by providing access to resources, programming and capital investment.
The long-term goal is to solidify Regina and Saskatchewan as a global agtech hub that is focused on the agri-food value chain.
“For many start-ups, access to capital and business support services are significant hurdles to success. The Government of Canada is supporting Canadian entrepreneurs and ensuring they have access to the resources and investment they need to take their innovative ideas to market. We have everything we need right here in Canada to thrive in global tech innovation,” says Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairies Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency
The $900,000 investment in the Agtech Accelerator is made through the Regional Innovation Ecosystem (RIE) program. RIE supports non-profit organizations in serving business needs to create, grow, and nurture inclusive regional innovation ecosystems.
Saskatchewan’s tech sector has grown 38% since 2010 to reach $5 billion GDP in 2020 and it continues to grow.
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