Of course, if you carry the product a little further on, it's easier to bring in the private money.
But let me just point out that the SBIR grants are $100,000 over the first year, and you can use that for patenting. A lot of your patenting costs are already covered by the SBIR grant.
The second phase is $1 million over two years, and you can use that for getting across that valley of death, and proof of concept and nano models, etc. The success rate of going from phase 1 to phase 2 is such that only about 30% go to phase 2, but 48% of those that have produced products on the market have a phase 2 grant. We just don't have an equivalent in Canada to get across that valley of death. That has been extremely important.
Canadian researchers are often asked to move down to the States or open an office in the States and they'll help you get an SBIR grant to help you get across that valley of death.