Oh, I'm sorry. Speak of the devil--the BlackBerry.
I have one quick comment. One recent initiative we've embarked on is the Western Universities Technology Innovation Fund, which is very instrumental in funding pre-venture capital companies. This is a fund that we set up using provincial tax credits. Without those tax credits it would not have been possible.
There has been a lobby effort by the National Angel Organization to bring this to the federal level to have refundable tax credits to encourage successful entrepreneurs to take these kinds of risks.
The fund that I'm involved with has invested in over 40 companies and has raised in excess of $250 million for these companies.
In summary, I believe universities can and should change their view of commercialization and think not just about pushing technology out but about being catalytic in all fronts of venture creation and economic development.
I believe the government can support this by funding the indirect costs of research and by providing more incentives to successful entrepreneurs to reinvest in new ventures through tax credits. These will provide the commercial stimulus to complement the scientific and experimental development tax credits that are already so effective at the R and D stage.
Thank you very much.