Natural Resources committee  Our company spun out of the university in our early days. We've maintained a very strong linkage back with the university. They're part of our research supply cycle. Through that, we work with a number of grad students and work-term students. In essence, we grow our own. So 90% o

Natural Resources committee  It is the norm that we draw from Memorial, and Memorial, as you know, has the cheapest tuition rates in our area. Memorial is attracting an awful lot of immigrant students into it; that's a source, as well. As companies grow big here, the trend is that they start to expand thei

Natural Resources committee  Absolutely. In fact, I think our competitors are the Norwegians, where they've done the same thing. I think when people come back to Newfoundland if they haven't been here for a while, they're amazed at the technology industry that we're building here. I would also say that we'r

Natural Resources committee  Thank you. It's a strange question. No, I'm a Saskatchewan boy. I grew up in Moose Jaw and I moved to Newfoundland after high school.

Natural Resources committee  So I'm from Newfoundland and Saskatchewan pre- and post-boom

Natural Resources committee  Basically, I left home right after high school to join the Coast Guard, so that's why I came out east. Basically I stayed because I stayed with the marine industry. I was here in the early 1990s when the fisheries collapsed and I think what I saw was the lowest point in any par

Natural Resources committee  The number that the oil companies report up to 2011 was $205 million. That was their direct investment. Just to give you an idea, in 2011 it was $70 million in that particular year, so their investment is ramping up. It's based on the production and price of oil. On that investme

Natural Resources committee  Thank you. In the context of Newfoundland and Labrador, benefiting from the oil and gas blessing that we have at the moment is our number one priority. If we look at the cluster of companies in my peer group, our job over the next 20 years, while there is an oil industry that is

Natural Resources committee  Thank you, Mr. Chair. This is a great honour and pleasure to be before the committee, even virtually. I'd like to talk about four things. One is just to touch on the macroeconomic position of oil and gas within Newfoundland. Then I'd like to jump into the perspective of one of

Government Operations committee  That's correct.

Government Operations committee  I would say it would be a good idea to unbundle, because if you don't do that, the small companies have to try to break into the supply chains of big multinational companies. It kind of depends on their geopolitical structuring whether or not they're going to tolerate you coming

Government Operations committee  Yes, actually, that's what they do. They buy shares in the company. They came in with an archangel and the Province of Newfoundland and Labrador, and then through that we were going into all kinds of wild and wonderful things, like mezzanine financing and so on and so forth, whic

Government Operations committee  There are going to be two dominant simulation companies in the world: CAE and VMT. We are looking at world domination. We have to have 95% of our revenues coming from export. It's impossible to make the money in Canada. In fact, we have already started to export. We have venture

Government Operations committee  I think you should stay away from it, to tell you the truth. I don't think subsidies are a good thing. We can all stand on our own feet. We can compete with anyone. Now, I see that tax offsets and all this stuff to encourage innovation are good. It's going to generate revenues a

Government Operations committee  In some other places they talk about micro businesses, which are 20 or less. I think when you're looking at brand-new products that are coming out, that's generally where they are--in that really small industry. They either have to make it or they fail. It's a really short life c