Saskatchewan Opportunities Corporation’s annual report states that the Crown Corporation generated a net income of $1.1-million in the last fiscal year with total revenue of $37.2-million.

On April 1st, SOCO and Innovation Saskatchewan merged into one agency. Innovation Saskatchewan promotes and funds research and technology projects, and SOCO operating under the business name Innovation Place, operates the research parks at the Universities of Regina and Saskatchewan, providing support to start ups and early-stage technology companies.

The report states that Innovation Place is home to 12 research institutes, with ten more near the technology parks, and these institutes support the growth of private tech companies and strengthen the tech sector. Minister Responsible for Innovation Saskatchewan, Jeremy Harrison, expects the alignment of the two will play a critical role in growing the province’s tech sector.