Thank you very much, each of you, for being with us today and for your interventions.
I'd like to start with questions on the venture capital side. What is the risk to Canadian discovery and commercialization in five or ten years if we don't take significant action on venture capital in Canada today?
Why is there such a gap between how our venture capital industry is doing in Canada compared with some countries like Israel, for instance? What are the public policy measures and the differences between them? It strikes me as pretty important that we get it right now, because if we don't, we're going to face a real challenge in ten years in terms of the jobs of tomorrow.