Mr. Chairman, that's essentially right. I have a few points of clarification. We're calling it a virtual fund. It's early days. It does amount to a pooling of capital from our member companies. The focus of that capital is on demonstration and commercialization of new technologies, the idea being that by investing directly as entities that deal with customers day in and day out, we have a good sense of what customer needs are and we can direct capital to new applications that will improve the efficiency and innovation of uses for those needs.
To your point about whether there is an ask, we don't have a specific financial ask at this time. You're correct. Our approach, in coming before the committee, was that there were clear indications from the committee material that the committee was looking for suggestions on how to better use public moneys. Our suggestions are designed, we hope, in a manner to make suggestions on how to do that.
And with respect to ETIC, the opportunity I think is for government to monitor the progress of this fund and potentially, on specific one-offs, to partner with us.