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Health committee Yes, I would reinforce that. Success rates now are well below 20% in federal granting agencies, and without idiots applying.... I mean, really top-rate scientists are applying. One out of five gets funded, so I don't think there's much chance of you getting funded for something t
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee I don't remember saying to build wealth first, but it sounds like a good idea.
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee I'll take it to heart. I'll tell you something—
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Here's a thought: IRAP is a terrific program, but it is available to companies that already have revenues, and we're talking about doing start-up. If we want to build something from the start, we need something that allows us to get hold of the money to do the job. A tax credit l
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Yes.
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee I dream that, one day, everyone who gets a master's degree in my institute has enough to start a company. They may not succeed, but we’ll support them and have mechanisms to support them that won't include venture capital—it will be too small for that—but it will be a development
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Not a physician doctor, a research doctor.
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Relatives of mine.
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee I had the fun of going on a helicopter mission in the worst snow storm this winter at night. It was designed to try to make me vomit.
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee No, they didn't. But to experience the problems faced by front-line troops...they often feel ignored, as your son will have recognized. We're not talking about big strategic procurement and we're not talking about the F-35; we're talking about their food rations, their boots, t
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Yes, I just mentioned one. We mentioned Defence. Our soldiers, I am told, are wearing boots that have come from the sixties—mukluks. They have wet, cold feet, and we're telling them they're going to defend the north. Surely, here in Canada, we should be developing and making boot
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee There are a lot of questions there, and they're all good questions. They really are good. I'm not going to comment particularly on the return on investment in the larger sector. I do know that venture capital has run away, so I don't think it's been that spectacular. But among
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Thank you, Madam. The first one is that Canadian research institutions should be encouraged to open their doors to involvement with small and medium-sized businesses. Government incentives such as tax holidays for start-up companies could be put in place and effectively implemen
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee Thank you, Madam Chair. Yes, the Toronto Rehabilitation Institute is a member of the University Health Network, so Chris Paige in the corner there is my boss. This is an unfortunate coincidence. I have to watch very carefully what I say.
May 21st, 2013Committee meeting
Dr. Geoff Fernie
Health committee The Toronto Rehabilitation Institute is now Canada's largest rehabilitation hospital. It's also grown in less than a decade to be the largest rehabilitation research group in the world. That is due to many of you around the room here supporting the Canada Foundation for Innovatio
May 21st, 2013Committee meeting
Dr. Geoff Fernie