What do we try to do? We try to do it, essentially, through an R and D tax credit, which is at least the appropriate instrument. Whether it's precisely well articulated has always been a question. I am on the board of a small firm. It certainly is critical to us in terms of making our investments in new technology. I think it is important, but there has to be a will on the part of private industry to go ahead and do it. There has to be an attitude that the only way we can move forward is in fact to be innovative, to do new things and to invent our own IP, which we can then sell to the world rather than importing IP from the rest of the world and paying for it.
This is one where government can set a framework, but it is really up to business to pick it up. I won't say it's the rare business, but it's a small fraction of businesses and always has been. It is true in other countries as well that a small fraction of businesses pick it up. This is going to be a collective effort of the business community. The target that Anne was talking about is really important. Until we see that start to move, it's not clear what government can do, other than talk about it and provide that tax incentive or tax refund for the small guys. You need it as a refundable credit in order to be useful.
All I can say is that, in my own experience, for the small struggling company that produces IP, it is a very important incentive. We certainly use it and would do less well if it were not available.