A couple of years ago, the banks joined together and started up the Canadian Business Growth Fund because they identified that there was a gap in growing innovative companies. They all contributed to the Canadian Business Growth Fund, and it's been stood up.
We've also been advocating on behalf of the industry to lower risk weights for businesses. I received a question earlier about lending to businesses. As an advocacy organization, we've been trying to get the regulator to reduce risk weights so that banks don't have to hold as much capital when they're making loans to businesses. Banks already have authorized $300 billion in financing for SMEs. Their approval rates are about 90% for SMEs, so they're very willing to lend.
We've also been advocating for reducing risk weights on venture capital companies. This is where a lot of the innovation is coming from, which you alluded to, to improve productivity. We're hoping OSFI will take us up on that policy request.
Those are a couple of examples.