Thanks, Mr. Chair, and thanks to the witnesses for coming.
Mr. Dunlop, this one is for you.
Our government has made a historic commitment to post-secondary research institutions in, of course, this last federal budget to secure our leadership in various fields of research that will have long-term economic benefit for Canada.
The Canada first research excellence fund will invest $1.5 billion over 10 years, beginning in 2014-15.
Can you tell the committee how the funding will be allocated over the years, and how the investment will benefit our universities, colleges, and polytechnics, and what the process might look like for determining the successful applicants?