The province of Saskatchewan has taken the next step to expand the agriculture technology sector.

The Saskatchewan government has selected Conexus Venture Capital as the manager for the province’s $15-million agtech venture capital investment.

Agriculture Minister David Marit, says the five year venture capital fund investment is designed to bring economic growth to the province and equip farmers with game-changing technology.

Marit says the investment will increase the province’s economic recovery from COVID-19 and build on an already strong agricultural sector.

It is predicted that by accelerating investments in technology, agriculture has the potential to add $11-billion to Canada’s economy by 2030.