A five-year innovation strategy designed to focus the Government of Prince Edward Island’s economic activities was released today.
Island Prosperity - A Focus for Change will see $200-million invested and directed into four key economic sectors: bioscience, information technology, aerospace and renewable energy.
The strategy features several significant projects, including the creation of a $30-million Island BioCommons Research Park to be located in the Charlottetown area.
“Our goal is to shape our future instead of reacting to events,” Premier Robert Ghiz said. “By focusing our resources in a meaningful way, I believe we can put our Island on a new economic path.”
The strategy was developed over the last eight months by Deputy Minister Dr. Michael Mayne, at the request of the Premier.
“Dr. Mayne has talked to many Islanders about our province’s potential and the best route to take. I am very pleased to accept this strategy on behalf of the Government. It’s now the role of Minister of Innovation and Advanced Learning Richard Brown to see this strategy implemented.”
A key feature of the strategy is accountability, Minister Brown said.
“Given the level of investment, it’s very important that government make sure that Islanders know how their resources are being invested. This strategy contains a number of mechanisms to ensure that there is transparency, accountability and openness with Islanders.”
Further information is available at www.islandprosperity.ca