Requirements for Applicants
- Have at least three years of entrepreneurial experience within the past ten years
- Have a minimum net worth of CAD$500,000, verified by a Ministry-approved professional third party
- Have a minimum equity investment of CAD$300,000 in Regina or Saskatoon, or a minimum of CAD$200,000 in any
other Saskatchewan community
- Have and be able to demonstrate an in-depth knowledge of their Business Establishment plan
- Create or maintain a minimum of two jobs for Canadian citizens or Permanent Residents in Saskatchewan
(non-relative workers) if establishing a new business in Saskatoon or Regina
- If purchasing an existing business in Saskatoon business in Saskatoon or Regina, the applicant must maintain the
business staffing complement (the number of Canadian or permanent resident workers) in place at the time of
purchase
- Sign a business performance agreement with the Government of Saskachewan, which will be provided by the SINP
after the application is approved In order to be nominated, the applicant must score a minimum 60
(out of a maximum 100) points on matrix below.
EOI (Expression of Interest)
Age (Max 15 points)
Age |
Points |
Below 21 |
0 |
21 to 29 |
10 |
30 to 39 |
15 |
40 to 54 |
10 |
Above 55 |
0 |
Exploratory Visit (Max 15 points)
Exploratory Visit |
Points |
At least five working days with evidence of contact with relevant business contacts |
15 |
English (Max 15 points)
CLB |
Points |
No language test |
0 |
CLB 4 |
5 |
CLB 5 |
10 |
Above CLB 6 |
15 |
Education (Max 15 points)
Education |
Points |
At least one year full-time post-secondary training |
10 |
Bachelor degree or Post- graduate degree |
15 |
Net Worth (Max 15 points)
Total New Worth |
Points |
CAD $500,000 to $549,999 |
0 |
CAD $550,000 to $749,999 |
5 |
CAD $750,000 to $999,999 |
10 |
Above CAD $1,000,000 |
15 |
Business Experience (Max 20 points)
Length of Experience |
Points |
4 ~ 7 years |
10 |
Above 8 years |
15 |
4 ~ 7 years + Have more than 50% ownership |
15 |
8 years + Have more than 50% ownership |
20 |
Business Revenue (Max 20 points)
Business Revenue |
Points |
CAD $50,000 ~ $99,999 |
5 |
CAD $100,000 ~ $249,999 |
10 |
CAD $250,000 ~ $499,999 |
15 |
Above CAD $500,000 |
20 |
Innovation (Max 10 points)
Sortation |
Points |
Export Trade |
10 |
Registered patents |
10 |
Gazelle business |
10 |
Business Plan (Max 20 points)
Sortation |
Points |
CAD $200,000 ~ $349,999 |
0 |
CAD $350,000 ~ $499,999 |
5 |
CAD $500,000 ~ $749,999 |
10 |
CAD $750,000 ~ $999,99 |
15 |
Above CAD $1,000,000 |
20 |
Investment in key economic sectors (Max 15 points)
Investment in key economic sectors |
Points |
Science and technology |
15 |
Manufacturing |
15 |
Export |
15 |
Rural business succession |
15 |
Rural business development |
15 |
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