My understanding is that not all of the $500 million has been reallocated. There's one suggestion that the $400 million for venture capital that the government is looking at would be sourced from the changes in the SR and ED tax credit system. My own sense is that changing the SR and ED tax credit system takes some time. It's an income tax provision; it doesn't have the certainty of a programmed reduction. You have to look at the demand for the SR and ED system, when those rules are put in place, and how businesses will react.
The overall sense I have is that the change from indirect support through a tax system to direct support, focused in particular on SMEs, through, for example, the IRAP program, probably will be good for the entrepreneurial community, the very small businesses that are trying to start up.
There are limits, though, that one has to be sensitive to. We need to get experience in terms of the changes that are being made. Many small firms that do research don't make money, so the tax credits are very important to them. They are conducting their research to get a product that eventually will make and develop a source of funding. Those tax credits can be very important for them, so we need to be sensitive to protect those firms.