BikTrix Enterprises, a national ebike company based in Saskatoon is one of 11 businesses receiving funding from the federal government through PrairiesCan to help grow and create good paying jobs in this province. BikTrix will receive an interest-free loan of $3.5-million to commercialize new hardware and software, and to hire more staff.
CEO and Founder, Roshan Thomas, says BikTrix has the same challenges that many are having, trying to find people with the proper skills. This funding means being able to provide the competitive pay to entice people to move to Saskatchewan, while also grooming local employees.
The federal government announced nearly $26-million in interest-free loans for the 11 businesses. PrairiesCan Minister, Daniel Vandal, says it is estimated to create over 500 jobs.
The CEO and Founder of Coconut Software Corporation, Katherine Renier, says for awhile the technology industry in Saskatchewan was a secret gem, but more companies are beginning to realize the talent that is available, so they are having to compete with the big tech companies when hiring staff, and their federal funding of $5-million, will help with that. Coconut Software Corporation is a company with appointment scheduling software for financial institutions, based out of Saskatoon.
Biktrix Enterprises Inc. – $3,500,000
Northern Nutrients Ltd – $3,855,620
Kasiel Solutions Inc. (operating as SolusGuard and ORA) – $252,500
Northern Quinoa Production Corporation (operating as Norquin) – $276,480
Community Compliance Management Technologies Inc. (operating as MyComply) – $948,500
101265496 Saskatchewan Ltd. (operating as Mother Labs) – $1,799,933
Canadian Plasma Resources Corporation and Plasma SK Regina Inc. – $500,000
C-Merak Industries Inc., C-Merak Grain Ltd., C-Merak Foods Ltd., Cas-Per Farms Inc, King’s Lake Farms Ltd. – $2,000,000
Coconut Software Corporation – $5,000,000
102119034 SK Ltd, 102050303 SK Ltd, 624533 BC Ltd, 671392 BC Ltd (operating as Donald’s Fine Foods) – $5,000,000
LyteHorse Labs Inc. – $2,800,000