Thank you, Mr. Chair.
Both the biotech and the ICT witnesses brought up venture capital, so I want to ask first about venture capital. I've also personally heard from the venture capital industry in the country.
We recently had a VP from BDC here, and although there was additional funding provided by the government specifically for venture capital, she basically said that it was not sufficient to address all the needs. Venture capital seems to be almost on life-support in this country, from the indications I'm getting.
One of the recommendations that's been made with respect to it is that the tax laws should be changed to increase foreign venture capital. I would be interested in hearing your views on that. Is there a significant potential pool of venture capital that could come from outside the country if Canadian tax laws were changed?