Microcredentialing is essentially microskills certification. Some of the words meld into the others. It is a combination of a practical application and measurable application of a skill combined with an academic credential. Sometimes they're very specific. In my industry, for example, the difference between manufacturing and biomanufacturing is essentially a skill called good manufacturing practices, but that's a very practical application of it. It can't be taught only theoretically; it has to be shown within a laboratory setting. There have been many, not only academic institutions but also private sector companies that are looking to apply a microcredential allowing you to say you have enough education, because there is an educational component that's required for it, combined with the practical application and measurability of that skill. Then you can say you have a microcredential in, for example, good manufacturing practices.
This is a bridge between what the previous committee member was mentioning, where academia credentialling ends and the practical application begins. Just because somebody has a B.Sc. in biology or biochemistry does not necessarily mean they are ready to work in the lab in bioprocessing or in a biomanufacturing position. That's where these microcredentials, as technology advances, become a really great opportunity for the country, for those companies that require not a broad array of skills but sometimes very specific skills that are critical to their success.