Disclosures: Innovation Rebate Program 2025/26

The following Innovation Rebate Program incentives were announced during the fiscal year of 2025/26.

Tuesday, April 15, 2025

Invest Nova Scotia has approved a business development incentive in the form of an innovation rebate for Saputo Foods Limited in Dartmouth, Nova Scotia.

As part of a global dairy processing company Saputo Inc., established in 1954, Saputo Foods manufactures high-quality dairy products. In Nova Scotia, its products are manufactured under the Baxter ® and Scotsburn* brands. Through this project, Saputo Foods will invest in a wastewater pre-treatment system which is expected to reduce wastewater contaminant levels and find new use for the waste byproduct.

Saputo Foods will be proceeding with a $9,922,586 capital investment in Dartmouth, adding a new lift station, equalization tank, treatment system feed pumps, and compressed air system, among other additions to their facility in this region. This will allow for a more sustainable and efficient waste system. This investment will allow the company to potentially expand into new markets, scale future production capacity, improve energy efficiency, and decrease waste reduction by generating nutrient-rich by-products to be repurposed as fertilizers for local farmers, supporting more sustainable agricultural practices.

The company is eligible for a maximum innovation rebate of $2,480,647 upon project completion, based on eligible capital spending of $9,922,586. To qualify for an innovation rebate, a company’s total project costs must be between $350,000 and $15 million. An approved rebate is up to 25% against eligible project costs.

Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation, and entrepreneurship.

*Trademark under license by Saputo Dairy Products Canada G.P.

Media Contact:
Saputo Inc. Media Inquiries
1-866-648-5902
media@saputo.com

Tuesday, April 15, 2025

Invest Nova Scotia has approved a business development incentive in the form of an innovation rebate for Kraken Robotic Systems Inc. in Dartmouth, Nova Scotia.

Kraken Robotic Systems is a marine technology company, established in St. John’s, Newfoundland in 2012, and is focused on the development and commercialization of complex subsea sensors, batteries, and robotic systems. Through this project, Kraken Robotic Systems Inc. will invest in new manufacturing equipment and a new facility to expand its battery manufacturing operations.

Kraken Robotic Systems Inc. will be proceeding with a $9,529,100 capital investment in Dartmouth to build pressure tolerant deep-sea batteries. This new, larger manufacturing facility will allow the company to remove shipping barriers and facilitate timely delivery of their batteries, which is a key component for attracting and retaining customers throughout North America. The current production of these batteries takes place at a facility in Germany and the new Dartmouth facility will increase production capacity. Having a facility closer to the primary manufacturing facility in Newfoundland will allow for better training, management and improved energy efficiency.

The company is eligible for a maximum innovation rebate of $2,382,275 upon project completion, based on eligible capital spending of $9,529,100. To qualify for an innovation rebate, a company’s total project costs must be between $350,000 and $15 million. An approved rebate is up to 25% against eligible project costs.

Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation, and entrepreneurship.

Media Contact:
Erica Hasenfus
Director, Global Marketing
Tel: +1 508-617-0131
erica.hasenfus@krakenrobotics.com