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PEI Bioscience Fast Facts

Bioscience Fast Facts:

  • Prince Edward Island is an extremely cost effective location which provides access to major markets in Canada, Eastern USA and a bridge to Europe
  • New BioCommons Research Park
  • Over thirty Bioscience companies
  • Eleven Research Institutions
  • New executive MBA with Bioscience specialization at the University of Prince Edward Island
  • $100M in infrastructure investments over the last 5 years
  • Annual R&D Expenditures over $75 Million
  • Over $41M in Atlantic Innovation Fund support for Bioscience companies
  • 900 plus employees in the Bioscience sector
  • 600% growth in R&D expenditures at the University of Prince Edward Island
  • Home of the NRC Institute for Nutrisciences and Health
  • Closely associated with the PEI BioAlliance
  • Host to Atlantic Canada’s only Veterinary College
  • Duffy Research Centre: Unique multi-agency business and research collaboration
  • Cluster support services for technology transfer, licensing, product development and commercialization
  • A credible, business-focused cluster with a culture of collaborative relationships
  • Well co-ordinated Federal and Provincial Agency policy and support
  • 24 Prince Edward Island bio based Atlantic Innovation Fund Projects to date, valued at over $130 million in public and private sector investments
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