Police are investigating a targeted wounding incident at Elizabeth Town overnight where a man received non-life-threatening injuries.

Police and emergency services were called to a commercial business on the Bass Highway about 5.30pm after reports a man had received a non-life-threatening stab wound to his torso during an altercation with a person known to him.

The man was taken to the Launceston General Hospital in a stable condition.

Investigations are ongoing and anyone with information should contact police on 131 444 or Crime Stoppers anonymously on 1800 333 000 or online at crimestopperstas.com.au and quote OR number 800771.