This is the cost of doing research. It's particularly important for research institutes such as ours in a hospital, where in order to pay salaries, pay researchers, pay for heating and lighting, all the background indirect costs of running a lab.... We have no funds from either federal or provincial agencies other than the indirect costs that come with grants. In addition, our only other source of funding is from private charities, so SickKids Foundation, in our case, pays some of those indirect costs. Forty percent of the external funds we bring in from grants, we have calculated that that will in fact cover.... If you look at our budget for the research institute right now, 40% is what we have to get from other sources.
On October 26th, 2006. See this statement in context.