Innovation Place Research Park

What Innovation Place Research Park does

Innovation Place Research Park is a Saskatchewan provincial Crown corporation operating under the legal name Innovation Saskatchewan. Founded in 1980 and headquartered in Saskatoon with 101–250 employees, the organization runs two research and technology parks — R+T Park Saskatoon (adjacent to the University of Saskatchewan and Canadian Light Source) and R+T Park Regina — together with the Collider coworking space in Saskatoon. These facilities provide office and lab space to a tenant base that ranges from early-stage startups (SolusGuard, TeamLinkt, Luxsonic, Kvale Informatics) to enterprise users (Siemens EDA) and applied-research firms (NRGene, Precision AI).

The corporation's core technology is the physical and programmatic infrastructure itself rather than a proprietary software product. The parks deliver scalable space, proximity to leading research institutions, and access to a curated set of provincial funding programs. These programs include the Saskatchewan Technology Startup Incentive (STSI), a non-refundable 45% tax credit for Saskatchewan-based investors described as the most aggressive such program in Canada, the Saskatchewan Advantage Innovation Fund (SAIF), the Agtech Growth Fund (AGF), the Made in Saskatchewan Technology (MIST) Program, the Innovation & Science Fund (ISF), and an Innovation Challenge. Targeted sectors are Agriculture, Energy, Life Sciences, Mining & Critical Minerals, and ICT.

The business model combines government appropriations (the corporation is a provincial Crown entity), grant and tax-credit administration, and tenant lease revenue from park and coworking facilities. Pricing for tenant space is not publicly disclosed. The go-to-market is sales-led and direct, anchored on a 'Get Started' funnel that routes prospective tenants and researchers into appropriate funding programs and physical space, supported by organic social and content channels (LinkedIn, Facebook, Instagram, X, YouTube, email newsletter, and website news). Revenue is not publicly disclosed and the organization operates exclusively within Saskatchewan.

Name

Innovation Place Research Park

Legal name

Innovation Saskatchewan

Website

https://innovationplace.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Innovation Saskatchewan is a Saskatchewan provincial Crown corporation operating R+T Parks in Saskatoon and Regina plus the Collider coworking space, providing workspace, lab facilities, and funding programs (including a 45% investor tax credit) to tech companies, researchers, and investors in the province.

Ownership category

akta.pro rank

Product category

Research and Technology Park Operations

NAICS

Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (54171), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Public Research Universities with Major Extension & Outreach Missions (EDAHAAAG)

akta.pro secondary industries

Science, Technology & Innovation Administration (National R&D Policy) (BPAIAAAK), Research Collaboration & Joint Labs (International Partnerships) (EDAIABAC)

Keywords

• Research and technology parks
• Startup funding programs
• Investor tax credits
• Coworking office space
• Research commercialization support

Headquarters

HQ city

Saskatoon

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Research & Technology Parks Operations: Innovation Saskatchewan operates government-funded R+T Parks in Saskatoon and Regina. As a Crown corporation, the organization is funded through provincial government allocations and generates value by supporting tech company growth, attracting investment, and creating research jobs in Saskatchewan.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Innovation Saskatchewan operates two Research and Technology Parks (R+T Parks) in Saskatoon and Regina, providing scaled physical facilities, including offices, laboratories, and the Collider coworking space, for tech companies and researchers. The organization also administers a portfolio of funding and tax incentive programs (STSI, SAIF, AGF, MIST, ISF, Innovation Challenge) to accelerate R&D, de-risk startup growth, and attract investment to Saskatchewan's core sectors (Agriculture, Energy, Life Sciences, Mining & Critical Minerals, ICT).

Product overview

Innovation Saskatchewan operates a platform of research and technology parks and funding programs to support Saskatchewan's tech ecosystem. The core offerings include two R+T Parks (Saskatoon and Regina) providing physical facilities and workspace, the Collider coworking space, and multiple funding programs including STSI (45% tax credit for investors), SAIF, AGF, MIST, ISF, and Innovation Challenge. These offerings are designed to de-risk growth for early-stage tech companies, attract investment to Saskatchewan, and accelerate research and product commercialization across sectors including Agriculture, Energy, Life Sciences, Mining & Critical Minerals, and ICT.

Differentiator

Problem solved

Functional benefit

Brands

• Collider: Coworking space operated by Innovation Saskatchewan within the R+T Park ecosystem for innovators and startups.
• Saskatchewan Technology Startup Incentive (STSI)

Products and services

• R+T Park Saskatoon Research and Technology Park in Saskatoon offering facilities and resources to help tech companies scale and bring ideas to life. Home to the Galleria building and tenant companies including Siemens EDA, located adjacent to the University of Saskatchewan and Canadian Light Source.
• R+T Park Regina Research and Technology Park in Regina providing advanced facilities for tech companies and researchers to scale operations.
• Collider Coworking Space Coworking space operated by Innovation Saskatchewan in Saskatoon, providing collaborative workspace for startups and innovators such as Kvale Informatics.
• Saskatchewan Technology Startup Incentive (STSI) Tax credit program offering a non-refundable 45% credit to Saskatchewan-based investors who back eligible Saskatchewan tech startups.
• Saskatchewan Advantage Innovation Fund (SAIF) Funding program designed to accelerate research and development and promote growth of technology in Saskatchewan's core sectors (Agriculture, Energy, Life Sciences, Mining & Critical Minerals, ICT).
• Agtech Growth Fund (AGF) Funding program supporting agricultural technology companies and innovation in Saskatchewan's agriculture sector.
• Made in Saskatchewan Technology (MIST) Program Program supporting technology development and commercialization by Saskatchewan-based companies.
• Innovation & Science Fund (ISF) Fund providing direct and indirect funding to research initiatives across Saskatchewan.
• Innovation Challenge Program launching targeted challenges to address specific issues, such as protecting Saskatchewan waters from invasive species like zebra mussels.

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• University of SaskatchewancoreStrategic or Co-development PartnerThe University of Saskatchewan is a key academic partner, with the R+T Parks adjacent to the campus. The university hosts researchers and companies working at the intersection of academia and industry commercialization.
• Canadian Light SourcecoreStrategic or Co-development PartnerThe Canadian Light Source is a world-class research institute located near the R+T Park Saskatoon, providing advanced research capabilities for tenants and collaborators in the innovation ecosystem.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• DMZ (Toronto Metropolitan University): DMZ is one of Canada's leading university-affiliated startup incubators with coworking, mentorship, and investor programming. Both organizations deliver startup support infrastructure adjacent to research institutions.
• Communitech: Communitech is a Waterloo Region innovation hub operating physical facilities, accelerator programming, and corporate-startup matching for Canadian tech companies. It is a closest analog to Innovation Saskatchewan in mission, scale, and Canadian geographic context.
• Innovate Calgary: Innovate Calgary (University of Calgary's technology transfer and incubator office) operates technology commercialization, incubation, and industry liaison programs. Highly comparable in its university-adjacent, government-aligned innovation role.
• Innovation Factory (Hamilton): Innovation Factory is a Hamilton-region innovation center operating coworking space, accelerator programming, and connections to McMaster University research. Comparable as a regional, government-supported tech hub.

Broad incumbents

• MaRS Discovery District: MaRS is a large urban innovation hub in Toronto offering research and startup infrastructure, programming, and venture support. It directly parallels Innovation Saskatchewan's R+T Park model but at a significantly larger scale and with broader venture activity in Ontario.
• Plug and Play Tech Center: Plug and Play operates one of the world's largest global startup accelerators with corporate-startup matching and coworking. Comparable in delivering structured accelerator/coworking programs to early-stage tech companies, though commercial rather than governmental.
• Innovate UK: Innovate UK is the United Kingdom's national innovation agency funding R&D and supporting tech commercialization. Serves as the closest international parallel to Innovation Saskatchewan as a government-backed R&D funding/administration agency.
• Cambridge Innovation Center (CIC): CIC operates one of the largest global networks of coworking and innovation campuses. Compares directly to Innovation Saskatchewan's park-and-coworking infrastructure model but as a private operator.
• NRC IRAP (National Research Council of Canada): IRAP is the federal Canadian program providing R&D advisory and funding support to SMEs. Operates the same way as Innovation Saskatchewan's funding arms (SAIF/AGF/MIST/ISF) but federally and at broader scale.

Regional players

• BC Tech Association: BC Tech is a not-for-profit industry association providing programs, talent support, and policy advocacy for British Columbia's tech sector. Comparable as a Canadian regional tech ecosystem enabler, though without operating physical research parks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/innovationplace
• YouTubeyoutube.com/channel/UCgbnHaanKjtgDoFp0op_mRw
• Facebookfacebook.com/InnovationSask
• LinkedInlinkedin.com/company/innovationsask
• Instagraminstagram.com/innovationsask

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovation Place Research Park