Thank you very much to all of you for being with us this morning.
I have a question focused on commercialization. In many ways our departments represent and have within them the same sort of research capacity that universities have. In fact, it's in an even more practical and applied sense, so there are advantages for the kinds of research you're doing in government departments because you have a particular application in mind.
Recognizing the relationship between universities and industry, particularly venture capital, biotech, cleantech, and all these various emerging industry groups, there wouldn't have been a Silicon Valley without a Stanford University. Across the country we have research facilities operated by government with applied research going on. What should we be doing to increase the linkage with the engagement of and the information sharing with the venture capital communities, for instance? They are identifying the cleantech industry and environmental technologies, and I'm thinking most specifically in terms of emerging areas of interest there. Some of what you're developing right now would be areas where I think it's safe to say private capital would be interested in partnering with government to invest and to help nurture and bring other investors to the fray to develop and commercialize those technologies. It strikes me as being sensible that we would engage them early as opposed to later.
What is being done to accomplish that? I'd really appreciate your views on that individually, as you may each have a perspective on it. Whoever feels compelled to comment....