Mr. Chair, I don't know where my honourable colleagues were when the witnesses were here, but there were numerous witnesses who said that this particular program is no longer effective, that it's not working. In fact, it has already been eliminated by some of the provinces involved as well. I don't think Mr. Cullen was even on the committee at the time we had the witnesses, so I understand why he wouldn't have heard that.
The government recognizes the importance of venture capital, which is why we have established and implemented the venture capital action plan, for this very reason: it is more effective and more efficient at getting capital to where it is needed to promote jobs and a healthy economy.