Thank you, Mr. Van Kesteren.
I have a number of questions. I'll try to get through some of them.
Ms. Hayashi, I want to start with you.
I enjoyed your presentation very much. In your submission, you talk about the support for the Networks of Centres of Excellence and the centres of excellence for commercialization and research. You talk about CIHR. Then you state:
There remains however, a key gap in our ability to translate this world-class research into its commercial potential, and realize the full extent of resulting economic and societal benefits.
I think that was probably a consensus around the time of this government's science and technology strategy back in 2007. You do hear from people, researchers and others, who say that somehow we've focused too much on commercialization of research at the expense of funding for basic research. I just wanted you to address this concern that some researchers are raising.