We think that pure, fundamental research is critically important. We also see the value of applied research. If you look at the diversity of Canada's universities, some put emphasis on one area, others put emphasis on another.
I'll give a very local example. This afternoon I'm going with my son, Michael Davidson, to ÉTS, école de technologie supérieure, where there are 4,000 students, 2,400 of whom have co-op placements. Moreover, 75% of that institute's research budget comes from small and medium enterprises. It's a fantastic place. If you have time in your visit to Montreal, or on another visit, you should check out the linkages that are happening there. ÉTS is re-investing in the downtown core of Montreal, attracting new entrepreneurs, high-tech talent, using digital infrastructure to make sure we have a new economy in the heart of downtown Montreal.