Feds provide $26M in interest-free loans to Saskatchewan businesses
The funds will be used to stimulate innovation and growth within the province.announced the funding would go towards 11 businesses across the provinces.The funding will support businesses in digital technology, agriculture and agrifood, advanced manufacturing, and health and safety.
Coconut Software is receiving $5 million in funds, which its owner says is vital to show the tech industry is alive and thriving in Saskatchewan. The corporation will use the money to expand the market for its in-demand appointment scheduling program. Founder and CEO Roshan Thomas said he started the business in 2013 in his garage while working a full-time job. It’s since grown to about 60 employees.“We want to continue investing in people, and take those risks that we normally wouldn’t have if we did not have the additional fuel on the fire, so to say, from governments,” said Thomas.
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