The angel tax credit is a 30% tax credit of up to $200,000 annually. It allows a very young company, which typically funds itself through friends and family, to find people who are more entrepreneurial and have access to funds and to leverage the funds for growth at a very young stage, typically well before an experienced venture capitalist would come in. That's the model.
In our view, the more young and exciting companies you can get into the economy that are well funded at that very young age, the more attractive businesses we will see in front of venture capitalists and then in front of the next tier of investors.
In our experience of watching it in B.C., we can learn a lot of lessons. I think it's a very good program.