With the success of the marine technologies companies in Prince Edward Island, a cluster development initiative took place within the sector.
Advanced marine technology has the potential to parallel the success of the aerospace industry in PEI. In 2015, advanced marine technology accounted for 8.3% of the province’s total exports.
With our stable economy, availability of labour, new engineering school at the University of Prince Edward Island and a strong presence with the marine centre at Holland College, advanced marine technology companies have become a pillar of success in Prince Edward Island.