Turks and Caicos Islands

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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

Turks and Caicos Islands’s map

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22.247314, -71.801147
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About

Member state: United Kingdom
Surface (km2): 948
EEZ (km2): 154 068
Population (2013):
31 458
Capital: Grand Turk
Language: English
GDP per capita (€ – 2013): 17 340
Main economic sectors: Tourism, Financial Services Intermediation, Real Estate-renting and business activities, Agriculture and Fishing
Government website: www.gov.tc

Innovation Manager

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News

  • OCTA Innovation Technical Assistance in the Creative Industry in TCI

    Sectoral Study of the Creative Industries and Innovation in the Turks and Caicos Islands OCTA Innovation in collaboration with the Department of Culture, on June 4th – 5th, hosted information gathering sessions with key stakeholders and entrepreneurs within the creative industry sector in the TCI. The sessions were steered by Mr. Jacques Grysole, visiting Consultant […]    Read More
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  • Creative industry in Turks and Caicos

    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. Innovation manager Alexa Cooper confirmed high interest in enhancing creative industry.Octa Innovation WebsiteFacebookGoogle+LinkedinTwitter    Read More
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  • The DUI approach implemented in Turks and Caicos Islands

    One very nice Doing, Using and Interacting (DUI) innovation approach has been implemented recently in Turks & Caicos Islands where a musical CD vending machine was set in the airport after the music company director realized he could sell music in machines operating on the similar way as soda machines. The machine is a custom […]    Read More
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  • Innovation News

  • The Caribbean after Irma

    It is the cost of the region’s unimaginable natural beauty that, by the caprice of fate, there is the periodic risk of ruin. There is nothing to be said of this past week’s tragedies that has not yet been said, and our hearts go out to the people who died.What needs to be said is […]    Read More
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  • Regional Innovation Workshop in Sint Maarten, 5-7 October

    Caribbean regional workshop will take place 5-7 October 2015 at Sint Maarten. The main aim of the activity is to improve OCTs and OCTA’s capacities and ensure better exchange of experience and expertise in Innovation by gathering the IMs and other relevant stakeholders in regional workshops and a project conference, which would contribute to facilitate […]    Read More
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  • Joint Statement By UK Overseas Territories Leaders

    BVI, 27 July 2015 – Hamilton, Bermuda – July 24: We, the elected Leaders and or Representatives of the Overseas Territories, met on 23rd – 24th July 2015, to discuss issues of mutual interest and the forthcoming Joint Ministerial Council Meeting (JMC), with UK Ministers to be held in December 2015 in London. The purpose […]    Read More
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  • Reports

  • Turks and Caicos – Greening the economy project

    The TCI Greening the Economy Project, started in 2014, is led by Dialogue Matters who aimed to create fresh momentum and a ‘can do’ attitude towards achieving a green economy – an economy that fosters social and economic wellbeing, whilst valuing and enhancing the health of the natural environment. The Project received funds and support […]    Read More
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  • Octa Innovation Website