Bioscience innovation is rapidly growing in Prince Edward Island. PEI BioAlliance is launching two new programs to support the momentum.
According to an independent economic impact assessment of the bioscience sector in Prince Edward Island, revenue, employment, and investment have doubled since 2012. This is due in part to the PEI BioAlliance, a not-for-profit organization that works to develop the province’s bioscience cluster. “Average wages in the bioscience sector are 40% higher than those in other sectors,” says Rory Francis, CEO of PEI BioAlliance. “It’s really a thriving industry in the province and we see nothing but more of the same to come in terms of momentum and opportunity.”