Academic Purple Economy
What is Academic Purple Economy?
Academic Purple Economy is an economy based on intellectual academic creativity.
High Level Goal
An internationally competitive North-east Tobago UNESCO Man and the Biosphere Reserve university, focusing on applied sciences within a sustainable development framework, provides significant, continued, and resilient socio-economic benefits to Tobago.
Current Situation
As of 2023, there is no tertriary academic institution established within the North-east Tobago UNESCO Man and the Biosphere Reserve. However, the establishment of an internationally competitive academic institution, offering at least Bachelor’s and Master’s degrees, should be part of developing a striving purple economy, based on the renewable resource of human intellectual creativity.
Priority Needs
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Economic and socio-cultural uplift through diversification,
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local education and employment of experts in sustainable development,
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research-based solutions for local problems, and
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improved and diversified provision of goods and services.
Strategies
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Conducting an initial rapid feasibility study, followed by the
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preparation of an investment prospectus; and
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negotiating and closing the deal with interested academic institutions.
Further Information: