Thank you, Mr. Chairman. I would also like to thank our witnesses for their presentations.
My question, which follows on from my colleagues, is primarily for Mr. Stewart, but I would also like to hear the views of the other witnesses.
The Canada Foundation for Innovation clearly stated in its brief that if its funding is not renewed, it will run out of money within a few months and will not be able to undertake any projects. The foundation is therefore asking for a long-term funding guarantee.
Mr. Stewart, I would like you to talk to us both about the important role that basic and cutting edge research will play over the next 10, 15 or 20 years and the government's contribution to research transfers. What is your view on this matter?