Thank you, Mr. Chair, and welcome, everyone.
Minister, your government seems to me to have been in a holding pattern to date. You said repeatedly yourself that your government was being too slow with the commercialization of research and technology. Yet one of the first things that was done in the budget was to cut the commercialization pilot program. Can you explain this disconnect with the seeming contradiction? And could you further provide the committee with details of these cuts?
If I may add, along these lines, I'm deeply concerned that you're moving away from federal government funding for research and wish to encourage only through industry's investment and tax credits exclusively. Are you planning to get out of the business of government investing in research and working collaboratively with business? Other countries are not. They're going the other way, doubling their investment.