It's about the environment, which I think David and Gideon touched on a bit. What we need is growth capital. Universities can spin out graduates, and they can create IP at a campus research lab, but if there's no capital to fund that seed or that angel round, let alone the venture or growth stages that would follow, all of that was for naught. The government announcing an AI strategy is all well and good, but what we need is risk capital for the front end. That is not buying servers from foreign multinationals so that Canadian software companies that already exist can use those servers; it is to ensure—like the VCCI has done, which our industry lobbied for 15 years ago now—that we accentuate those kinds of programs. That's the best way to grow companies, not to reward multinationals.
