Well, I don't know. I haven't seen any solid research on why they aren't working. All I know is that given the generosity of the support provided, we should be getting more activity than we are. Whether it's a function of the structure and too many small companies can't benefit from them, whether there are other issues on the treatment of intellectual property, or whether there are regulatory barriers, any number of reasons may be out there, but I haven't seen anybody come up with one good reason.
On October 18th, 2006. See this statement in context.