Cullen Stewart, Government of Saskatchewan, Performance and Strategic Initiatives, Ministry of the Economy explains Saskatchewan Commercial Innovation Incentive (SCII), North America’s first “innovation patent box” incentive.
As part of the 2017-2018 provincial budget, the Government of Saskatchewan recently announced the introduction of the Saskatchewan Commercial Innovation Incentive (SCII) – a new growth incentive intended to promote the commercialization of intellectual property (IP).
The SCII is a first of its kind “patent box” style tax incentive in North America that is open to a broad range of IP (patents, trade secret, plant breeders’ rights, and copyright for computer programs and algorithms). By lowering the provincial corporate income tax rate on income related to the commercialization of qualifying IP to 6% for a period of 10-15 years, the SCII is designed to significantly improve Saskatchewan’s investment climate across all innovation sectors.
The Government of Saskatchewan will begin accepting applications to the SCII program in the spring/summer of 2017.
For further information, please contact: Blair Hudyma, Government of Saskatchewan, Performance and Strategic Initiatives, Ministry of the Economy at Blair.Hudyma@gov.sk.ca
Backgrounder on CATA’s Patent Box Advocacy Campaign
A Canadian Version of the Patent Box: ” Will Canada say yes, or risk falling further behind in its innovation and competitive rankings? “(Read full Consultation Brief) from the desk of CATA Sr. VP, Advocacy, Russ Roberts)
Interact with your Innovation Peer Group Now http://www.linkedin.com/groups/Canadian-Advanced-Technology-Alliance-CATA-37239/about
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