Thank you.
Our agency was created in 2009 only. So it is a rather young organization. As I mentioned before, we are in the middle of the second five-year mandate. The other regional economic development agencies, that were created in 1987, as I recall, benefit from a rolling budget.
In our case, we have a budget of $920 million for a five-year mandate. Our agency works very closely with businesses to foster their growth, in partnership with all the stakeholders from incubators and accelerators. In support of innovation, we are also working closely with our federal and provincial partners to leverage and maximize the budget envelopes we have. Most of our programming focuses on innovation and on how to encourage partnerships, co-operation with post-secondary institutions and the private sector. There is a real focus on commercialization.
To answer your question, we have a five-year mandate and one budget. We are trying to leverage and maximize the results by working closely with our partners.