Thank you very much, Mr. Chair, and thanks to all of the members here.
It is a long name. It's a bit of a misnomer, though, because we do research and innovation projects in automotive, heavy-duty bus, rail, and transit applications.
To take you through the high-level feedback in terms of what we'd like to add to this process, first off this is an innovation consortium, as the name implies. What that means is that a couple of years ago several manufacturers got together and said, we have an innovation problem in this country vis-a-vis automotive, rail, and transit applications; we need de-risk funding for high-risk, high-cost innovation projects. It thus speaks directly to the objectives of the innovation agenda underMinister Navdeep Bains.
The kinds of projects our organization funds range between $1 million and $5 million for lower-level, early-stage innovation projects between industry and academia, but at our highest level our largest project is $45 million. It's the pan-Ontario electric bus demonstration and integration trial, and it relates directly, Mr. Grewal, to your riding, since Brampton Transit is the lead agency there, with Hydro One Brampton.
The areas we work in are zero-emissions propulsion technologies. That means battery electric, hydrogen fuel cell, and renewable natural gas for propulsion. The second area is lightweight materials. That's—