Certainly. It acts on creating jobs at many different levels. For instance, it starts with the grant. As you know, we are giving out over $900 million in grants per year. These grants pay people. They pay students and graduate students. They pay for research professionals who work on the research projects. In fact, the expendables account for only 20% of our grants. This is in itself a job creation enterprise.
In addition to that, as you well know, in many cases these discoveries will lead to start-ups, as I explained with the example of Ryerson. These start-ups will bring in capital and will provide jobs. They clearly benefit our economy. We have heard it from many fronts that we need to foster better collaboration between industry and the academic sector so that there is a takeover by industry at one point and greater industrial investments in R and D, which as you know is one of the weaknesses in our country. It would obviously also lead to job creation.
Economically, we cannot ignore a very important fact. A population in good health is a productive population. Productivity is a huge issue for Canada. I can tell you that the day we are able to control mental health in the workplace and low back pain, we will have increased productivity to quite an extent, and that will affect our economy.