Thank you, Mr. Chair.
I want to thank our guests for joining us, and I apologize for being late due to voting issues.
I'm going to start with you, Dr. Barber.
Dr. Barber, just so you know, I started a company from intellectual property taken from McMaster University and created a very successful company in Burlington called Gennum.
I want to talk to you about where I left off with the last panel that was here. I think you talked about it. In my view, having an IP regime is important, but we need IP to protect. Part of the issue, which I think you clearly indicated, was that in the university system, the educational system, we produce pretty good managers, but we're not great at the entrepreneurial piece, or taking that IP—the intellectual property that's developed at university—and commercializing it. You've done it.
Since you're still at McMaster—we've heard from other universities who have different offices, different processes. Some hold on to it; some of the people who develop have control over it, not the university, and so on. Is there something from your experience that we're not doing in Canada that is happening in other universities around the world, maybe the United States?
Could you give us any suggestions as policy-makers on what we could do to be more aggressive in that area?