Thank you, Mr. Chairman.
Welcome to our witnesses.
Mr. Hayes, you spoke briefly about economic action plan 2012 and the government's commitment of $400 million to help increase private sector investments in early-stage risk capital. Then, under the venture capital action plan, which you also mentioned, in 2013, it was a more comprehensive plan to reinvigorate the venture capital sector and seek private capital matching funds.
Do you want to expand a bit on the difficulty of finding those private sector matching funds? You mentioned it, but you didn't go into any detail.