I think it's extremely important. In my mind, research is transforming money into knowledge. Innovation is taking knowledge and creating something of greater value. The issue is, what solution does business need that they can apply the knowledge to? How can we build more collaborative relationships between the research going on in universities and colleges, which is extremely important, and the industrial application?
We've seen a lot of direct grants to universities, which have sometimes actually diluted some of the collaborative grants, particularly at the provincial level. Through some sort of collaborative research system, researchers in universities and colleges should be able to bring their ideas to industry, rather than trying to take it to market themselves.