The province's marine sector is a significant contributor to the provincial economy with 16% annual growth over the past three years. Local advantages include international companies with established products and services; international collaborative commercial and scientific relationships; educated, motivated and stable professional and technical workforce; and extensive research capabilities and infrastructure.

The department commissioned a Marine Technology Development Strategy for Newfoundland and Labrador to provide a basis for identifying policies, programs and initiatives to support the development of the sector. Work is ongoing and the implementation of the strategy is under way.

The department supports the sector by:
   working on development and promotion initiatives with key
      stakeholders including: Oceans Advance, Nati, Canadian Centre for
      Marine Communications, Memorial University, the Marine Institute,
      the City of St. John's, C-CORE, as well as the federal government,
      including NRC Institute for Ocean Technology, NRC Industrial
      Assistance Research Program, Industry Canada, and ACOA.
   supporting local companies to participate in trade shows and
      conferences; and
   partnering with other agencies to assist firms.

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