Yes, quite a bit. This is a very important point. As Ilse knows so well, in Canada, honestly, we don't have a problem starting businesses. I think the World Economic Forum, or somebody, rates Canada as the second-easiest place in the world to create new businesses.
Canada's problem is scaling businesses. We have too many really small businesses that don't scale, and the world today is about scale. One of the things we thought a lot about and did a lot of work on is, how do you scale businesses? That requires a few things, and you've touched on them. First, It requires not just capital, but patient capital. Second, it requires talent, and specific kinds of talent, particularly managerial and organizational talent. Third, and this is related to the second requirement, is what we would call at la Caisse in Quebec, accompagnement. I think in English that's mentorship. But people don't put enough emphasis on the last of those requirements.
In all the work we do as an investor, for instance in small and medium-sized Quebec businesses, that is always a component of what we do. We always work to connect those small businesses to a network of experienced entrepreneurs, people who have run businesses, because the biggest challenge that an entrepreneur of any age faces is learning how to scale a business. In the recommendations that we made with respect to setting up these two funds of patient capital, one of the elements that's constant and is really important is not to fund a business unless the business can demonstrate to you that it has access to this network of advisers and mentors, so it can facilitate its growth and, therefore, scale.
That issue of making accompagnement or mentorship an indispensable ingredient in one of the funds of government financing of these companies is extremely important. It won't work if you just throw capital at it.