Thank you for the question.
I was the one who said that not all of those students and graduate students, including Ph.D.s, wind up in academia. I think universities are working to transform their training for students. Programs like Mitacs are essential for that. They do provide the pathways for students to get internship experience outside a university context. They're eligible for that because of the fundamental skills they've learned within the university.
For many of them, the success rates for Mitacs students being interns and being placed within industry are very high. Something like 1,400 to 1,500 of the last 10,000 Mitacs interns have received job offers from the companies where they were doing internships. In many cases, those companies have actually created new R and D positions that didn't exist until they had the opportunity to work with the interns and recognize the value added that this could bring to their company.