Yes, that's a really difficult question. There has been some conservative effort in the region. However, the major problem—and I'll focus locally—is that most of the start-up capital remains in Toronto, Montreal and Vancouver. It is extremely difficult to get noticed, receive money and raise rounds in our region, mostly because of population issues.
There are some local VCs. We have one called Island Capital that focuses regionally. We have the PEI IT Alliance, which has a start-up incubator here called The Foundry, and which my co-founder led for a while. Then there's Volta. I think it's in Halifax.
I'm in full agreement that start-ups are where innovation happens and risks are taken, but it is an extremely difficult process and it's not for the faint of heart. Beyond my focus and care about that in the future, there is a lot to be desired in terms of supports, especially in the smaller regions. How the government can help on that is not something that I have formulated well in my thoughts, but I agree that [Technical difficulty—Editor]. Without new businesses starting, economies and innovation die.
