Prince Edward Island offers a vibrant and innovative community for research and development.
There is considerable focus and energy being directed to the PEI bioscience sector from within industry, government, and academia. Entrepreneurs from across the globe are realizing that Prince Edward Island is a land of opportunity and there is significant commitment and drive aiding commercial success.
From multi-national corporations to small and medium enterprises, contract research organizations and contract manufacturing organizations, the foundations for a strong bio-platform and the desire to make it work can be found on Prince Edward Island.
With 1,700 employees in the bioscience sector, including 200 PhDs (approximately 1.5 per cent of our workforce) and over 55 companies, this is the opportunity to be a big fish in a small, dynamic pond.
PEI's strength lies in its focus and collaborative, partnership-based approach. The Island has internationally recognized expertise and infrastructure related to the following key sectors:
- natural product, bioactive based, discovery and development for personal care, nutrition and cosmetics;
- treatment of diseases of aging and obesity, infection and immunity;
- ag-bio and specialty oils;
- animal and human health products, including a focus on fish health; and
- contract manufacturing and diagnostics.
PEI's value proposition is focused on reduced risk product development and commercialization. The province is keen on creating an environment which leads to a shorter time to market for new products.
The complete package
Prince Edward Island offers a competitive business location by way of costs, access to infrastructure and experience. The ability to attract and retain world-class talent is as important to Sekisui and Novartis, as it is to SMEs such as Chemaphor, Nautilus, Neurodyn, and Phyterra. It is an area where PEI has had much success. And, the quality of life in PEI is second to none.
Outstanding support for innovation-based research and development
Forget the red tape and get ready to grow. PEI's size and interconnectedness allows for unrivaled action and fast decision making. You need access to key decision makers - can you be there in 15 minutes? Connecting businesses, scientists, and government at this level creates an ideal springboard for innovation and evolving business propositions.
Only in Prince Edward Island have these same decision makers, both at the provincial and federal level, put in place a ground-breaking, model-shifting program. The support it provides makes PEI one of the best locations in North America for bioscience.
The BioCommons Research Park
This 65-acre bioscience-focused industrial park provides a strategic location for growth of the maturing bioscience sector. The BioCommons Research Park provides flexible space for companies to grow. Pilot-scale manufacturing space is available within the 24,000 square-foot light manufacturing centre. There is the option to custom design the space to company needs or to choose a green-field site to be built to your business specifications.
Garden of the Gulf
Prince Edward Island is well known for its ample source of agriculture, fisheries, and aquaculture products. Bioscience companies will find highly knowledgeable and forward thinking farmers and fishers with which to partner in sourcing inputs for new bioscience products.
A highly-skilled workforce
The Holland College Centre for Applied Science and Technology will provide additional education and training opportunities for people working in this growing sector.
Prince Edward Island has an excellent reputation for its dedicated, loyal, and highly skilled workforce. In the bioscience sector, the Island's ability to attract and retain a skilled workforce is built upon:
- a highly educated local work force;
- specialized post-secondary programs such as those within the Atlantic Veterinary College, UPEI's School of Business, or Holland College; and
- the magnetic effect of having a base of world class researchers and companies in Prince Edward Island that attract other highly skilled employees to work in increasingly diverse job opportunities within the cluster.
Excellence in research institutions and infrastructure
World-class knowledge-based infrastructure and equipment to support the ongoing growth of the bioscience sector can be found at institutions such as:
- Agriculture and AgriFood Canada Crops and Livestock Centre
- NRC Aquatic and Crop Resource Development Research Centre
- Canada's Smartest Kitchen
- University of Prince Edward Island
For more information, contact the Bioscience business development professionals at Innovation PEI.