Labour Sponsored Venture Capital Program - Labour-Sponsored Venture Capital Corporations (LSVCC)

Overview of the Labour Sponsored Venture Capital Program - Labour-Sponsored Venture Capital Corporations (LSVCC) program:

The Labour-Sponsored Venture Capital Corporations (LSVCC) Program in Saskatchewan is designed to encourage investment in small and medium-sized businesses within the province. By offering tax credits to investors, this program aims to stimulate economic growth and job creation by providing capital to businesses that might otherwise struggle to secure funding.

Benefits of the Labour Sponsored Venture Capital Program - Labour-Sponsored Venture Capital Corporations (LSVCC) program:

• Promote Investment: Encourage individuals to invest in Saskatchewan businesses by offering attractive tax credits.
• Support Local Businesses: Provide small and medium-sized enterprises (SMEs) with access to venture capital, helping them grow and expand their operations.
• Economic Growth: Contribute to the overall economic development of Saskatchewan by fostering a vibrant and dynamic business environment.

Eligibility criteria of the Labour Sponsored Venture Capital Program - Labour-Sponsored Venture Capital Corporations (LSVCC) program:

• Investors: The program is open to Saskatchewan residents who invest in shares of a registered LSVCC.
• Businesses: To qualify for investment through an LSVCC, businesses must be based in Saskatchewan and meet specific criteria, such as being a small or medium-sized enterprise and operating in eligible industries.