Turks and Caicos Islands
Economic outlines and opportunities for innovation
The economy of Turks and Caicos Islands relies on the tourism industry, real estate development and the exportation of seafood. A wide variety of financial services are available, including company formation, offshore insurance, banking, trusts, limited partnerships and limited life companies. Key opportunities for innovation
- Fostering ‘value innovation’ in the tourism sector. It can be designed and geared at improving the quality of services, or the experience of visitors.
- Utilization, development and commercialization of alternative medicines
- Innovations in waste management and in energy (to reduce the dependence on fossil fuel)
- Tertiary education should establish reward systems to incentivize general curiosity and research