Thank you very much.
The Jenkins report highlighted a couple of things in that the model for government investment is better oriented toward direct investments. You can more directly see the returns, and SDTC is a direct investment model. There is also not sufficient emphasis on the commercialization end of our innovation in Canada. We see a lot of support for research, which is good. However, if you don't turn that into profit, then that's not feeding back into the economy or into the government's tax revenues.
Also, you need to be able to produce concrete results and to be able to measure them. There's a lot of talk about innovation, but people don't work out what they're actually doing. In that report, it is noted that there are only two entities that actually drive and have a cost-benefit model. SDTC is the only one that runs that model. Recently we just redid that for a third-party evaluator, and there is a ten times return to the government on the money it provides to us. That was recognized in the Jenkins report, where it stated that the commercialization model developed by Sustainable Development Technology Canada might be emulated.
It's a very important area, and if we just take a couple more points around the delivery of that.... If one was to put in around $500 million of precious public money into SDTC, going on our current record of mobilizing private sector dollars, we will produce in the order of $10 billion of mobilized private capital. In terms of returns to Canadians, that multiplier is in the same order. So far, we're at a times 14 leverage.