Three Saskatchewan companies get $1.3M in interest-free loans from Ottawa to scale AI technologies, create jobs, and expand into global markets.
Ottawa Backs Saskatchewan AI Growth
The federal government has announced over $1.3 million in interest-free, repayable loans for three Saskatchewan-based companies, aiming to accelerate artificial intelligence (AI) innovation and strengthen Canada’s global competitiveness. The announcement was made Monday in Regina by Eleanor Olszewski, Minister for Prairies Economic Development Canada.
Targeted Support for Three Firms
Ground Truth Agriculture will receive $586,900 to complete and commercialize its AI-powered grain grading system. Greenwave Innovations Inc. is set to receive $425,000 to enhance its AI-driven energy monitoring platform for commercial and industrial buildings. Offstreet Technology Inc. will get $300,000 to improve its cloud-based guest registration parking technology and grow its North American presence.
Funding to Drive Expansion and Jobs
Olszewski said the investments will help local businesses scale up, improve productivity, and stay competitive in a rapidly evolving global market. She noted that AI adoption worldwide makes it essential for Canadian companies to innovate. The projects are expected to create 50 jobs, generate $30.5 million in revenue growth, and contribute $5.6 million in exports.
Industry Leaders Welcome the Support
Kyle Folk, CEO of Ground Truth Agriculture, called the funding “huge” for the company. He said their AI system can identify 50 to 60 visual traits in grain—such as in hard red spring wheat—traditionally assessed by hand for more than a century. This automation, he added, will help the firm expand beyond Saskatchewan’s borders.
Strengthening Canada’s AI Competitiveness
The loans, while repayable, come with no interest, giving the companies financial breathing room to focus on innovation and expansion. Olszewski emphasized that regional investments like these have a nationwide economic impact, reinforcing Canada’s position in the global AI sector.
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