To answer your question regarding $380 million requested, a strategic plan was prepared for Industry Canada and, upon request of the department, as is the case for any budget or grant application. The costs are assessed line by line, request by request.
Right now, the financial situation of Genome Canada is simple. Genome Canada is not a federal organization, so we are not part of annual budgetary allocations. We receive money to cover term periods. The last time, it was $225 million for three years. That period ends around September 2007.
As is more or less the case for the Canada Council, when researchers or companies file applications with Genome Canada, there is a process which lasts about a year. They have to describe a grant application, a jury of peers must analyze this, and all that takes a year. The process cannot be started if you don't have the money in the bank.
Right now, there are $7 million left in the coffers of Genome Canada out of the $1.4 billion that we collected over the past six years. We will therefore not be able to operate like this in the future.
It also has to be remembered that Genome Canada—