Thank you, Mr. Chair.
Thank you, Mr. Sobrino and Mr. Gray.
Mr. Sobrino, welcome back to the committee. It's good to see some progress in this program. We looked at the CICP two years ago, and there was some very positive feedback from some of the Canadian enterprises. Some of them were very small businesses that didn't even have cashflow, and yet they were talking about how this program was really effective. It gave them that springboard. It gave them that endorsement from the federal government to allow them to sell to other customers within Canada and even internationally. There was truly some success.
I think we have a lot of programs to foster innovation. We all know that's the future for our economy. It's not based on competing on the lowest prices, necessarily, but on being innovative and on being differentiated. If you look at things like research grants, and research chairs in universities, and tax credits, and the new venture capital fund, these end up adding up to billions of dollars. This Build in Canada innovation program is actually a very small program as compared with those other ones.
Could you talk about how this is different from those other things? How is this different from putting money into venture capital or putting money into research grants?