Yes, thank you.
That is true.
I believe there are two reasons our technologies go abroad.
One reason, as I mentioned, is the lack of venture capital. The government does not provide much of that money, so I don't believe the particular cutbacks you are referring to will affect that. They will affect other things, of course.
Another reason is that government funding models in basic science, and this is a very dangerous model, which both the federal and provincial governments have, make us partner with industry very early in the development cycle. I work with Siemens, Varian, and General Electric on very basic discoveries in my lab. Of course, because they put in half the money, when this becomes a potential product, it goes outside of the country right away. This is a fundamental flaw in these partnership funding programs that both Ontario and the federal government have. If we do not support basic research wholly in the country, then of course, we have no right to it later on.