Prince Edward Island
From potatoes to tech: PEI is one of the fastest growing bioscience centres in Atlantic Canada.
From potatoes to tech: PEI is one of the fastest growing bioscience centres in Atlantic Canada.
The traditional backbone of the island economy is farming (producing 25% of Canada's potatoes), but increasingly PEI’s economic diversification is opening opportunities in aerospace, bioscience, IT, and renewable energy.
Charlottetown itself is home to the BioAlliance, a private-sector-led not-for-profit organization that fosters a multi-stakeholder collaboration for the growth and development of the bioscience sector in PEI.
Since 2005, the PEI Bioscience Cluster has more than tripled in size, showing a marked increase in private and public-sector investments. Recent investments in the cluster include a $16.4 investment in MicorSintesis, an animal-health company in 2019.
BioAlliance also includes the Emergence Bioscience Business Incubator, a virtual incubator that supports the formation and growth of innovative bioscience and food-sector ventures.
| Provincial population (2019): | 158,000 |
| Gross Domestic Product (GDP): | $7.0 billion |
| ICT NOCs salary average: | $61,462 |
| Size of ICT NOCs workforce: | ~ 3,300 |
| Share of National ICT NOCs workforce: | 0.3% |
| ICT demand growth forecast (year-over-year, pre COVID-19): | 0.2% |