Academic Purple Economy

academic purple economy icon

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

  • Economic and socio-cultural uplift through diversification,

  • local education and employment of experts in sustainable development,

  • research-based solutions for local problems, and

  • improved and diversified provision of goods and services.

Strategies

  • Conducting an initial rapid feasibility study, followed by the

  • preparation of an investment prospectus; and

  • negotiating and closing the deal with interested academic institutions.

Further Information:

Academic Purple Economy
Download, save, and share this information

Please click the download button to save a summarised PDF version of the Academic Purple Economy chapter.

Feel free to use it in class, share it with the public, or use it for your purposes.