It's a big conundrum. When you think about Canada's R and D, we've actually had very generous tax credits for a very long period of time. It's a question of why it isn't translating. One of the things we have observed is that in Canada, relative to other countries, we do more of the R and D work through academic institutions. As a consequence, it may slow down commercialization. One of the things that can help accelerate things is stronger partnerships between academic institutions doing R and D work and businesses. There's a role for the government to play also as a facilitator in helping to catalyze the opportunities that are possible from a commercialization point of view.
On October 5th, 2018. See this statement in context.