The Wall government says a Burnaby, B.C. company is locating manufacturing and head office operations for its Clean Seed farming technology to Saskatchewan.
Clean Seed Agricultural Technologies has become the Saskatchewan government’s first successful applicant under a patent box tax incentive program.
Premier Brad Wall says the company intends to move a significant portion of its operation to the province within 3 years, starting with 20 full-time jobs.
The tax incentive lowers the corporate tax rate to six percent for 10 years for eligible companies that commercialize their qualifying intellectual property in Saskatchewan.
Clean Seed Chief executive officer Graeme Lempriere says the companies technology has moved from initial concept to globally patent protected smart seeder products at a company facility in Saskatchewan.
The company is about to springboard into commercialization, with what it calls seeder technology offering the highest level of precision possible for modern no-till seeding and planting operations.
Clean Seed says the technology enables each square foot to be properly seeded to suit soil conditions and agronomist recommendations.
The company has an on-farm facility at Midale for prototype testing and demonstration activities.