and its potential for PEI. The NRC Committee felt that PEI was an ideal venue to test the Knowledge Assessment methodology, where it would not be tied to the promise of a development bank loan and would receive the critical scrutiny normally accorded by jurisdictions to proposals to carry out actions for their own good with their own money. The Knowledge Assessment was supported financially by a number of partners:

  • the Knowledge Economy Partnership, an innovative alliance of the federal and provincial governments, PEI's academic institutions, and the private sector;
  • the Atlantic Canada Opportunities Agency (ACOA);
  • Human Resources Development Canada (HRDC);
  • PEI Executive Council Office; and
  • the province's telecommunications firm, Island Tel.

In-kind support also was received throughout the project from PEI's two post-secondary institutions, the University of Prince Edward Island and Holland College.

The purpose of this report is to describe the barriers to development of a knowledge economy in Prince Edward Island and suggest some proposed initiatives for creating opportunities for knowledge-based enterprises, as they arose from the Knowledge Assessment methodology. Thus the report is directed at the stakeholders in Prince Edward Island, including the educational institutions, the private sector, and the government, and is intended to be used as a basis for action. The evaluation of the methodology itself, based on this report, will be presented elsewhere.

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