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Industry committee  I would actually defer to Ms. Peters on that question.

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  They were good words. They just weren't mine.

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  At SDTC, I think we've shown over 10 years that supporting technologies that are good for the economy and good for the environment is not a contradiction in terms. They're actually synergistic. If you're developing a technology that saves money, that takes something that's a wast

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  I said we're seeing the government taking an increasing role in this regard.

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  We're very encouraged to see that. It's something we've been calling for, for a long time. We're very happy to see the progress that's been made.

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  I think the chronic issue, frankly, is within industry. It's quite a shame, because if you look at clean tech, it's one of the areas where we have large anchor tenant companies in many of these sectors, whether it's in oil and gas, forestry, agriculture, or transportation; we hav

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  Thank you for the question. I will preface my comments by saying that I'm not an expert in hydrogen, but it is an important part of our portfolio. We have supported several hydrogen technologies. In terms of when Canadians can benefit, I would say very soon. There's a very good

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  I'm going to say generally no, although that is subject to going back and looking at our hydrogen portfolio in more detail. I believe the majority of our projects in hydrogen are related to applying technologies to specific industries, as opposed to generating hydrogen. One excep

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  I would offer that I think if you attract venture investment, the venture board members, who would typically be a significant part of your board, are very attuned to this issue, because it goes directly to the valuation of the company. For companies that have not gone the ventur

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  That's a good question. That was the royal “we”—the ecosystem within the Canadian innovation value chain. It ranges from the angel investors to some of the intermediate early-stage, such as SDTC, venture capital, etc. But it's really in those stages. If you look at the average

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  Thanks for the question. I'm glad to come back to this topic. I have just a couple of things to bring forward. The first is that we're great at creating companies in Canada. We're a prolific creator of small companies. In fact, when I was a venture capitalist in the late ninetie

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  I just want to highlight one of the recommendations we mentioned earlier. Filing for patents is expensive. It's a complex, lengthy process. The Alberta Innovates voucher program is very interesting. I don't know if you're familiar with it. Basically what it does is allow pre-appr

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  Similarly, I don't have a view on that.

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  In our program we fund a project consortium in each case. The government money, which is the money we provide into that project consortium, is on average across our portfolio 33%. It's capped at 33%; in practice, it's actually about 29%. It's about a two and a half to one leverag

June 19th, 2012Committee meeting

David Harris Kolada

Industry committee  I believe that was Ms. Peters who mentioned that.

June 19th, 2012Committee meeting

David Harris Kolada