I agree we have a great opportunity. Are we playing catch-up? Silicon Valley is Silicon Valley, and we don't have a comparator for that, so yes, we're playing catch-up, but maybe that's not the realistic point of comparison.
Montreal is a city that, next to Boston, produces more graduates on an annual basis than any other place in North America. There's an incredible intensification of talent in Montreal. Toronto has huge talent. But it's not just the big urban centres that have the talent. Other places have talent as well. I think it's really a matter of unleashing that talent. We have a lot of things going for us. There's very high-quality research taking place in Canada. The university system across the board is of excellent quality, which isn't necessarily the case in the United States and in other areas.
I think what we're lacking a little bit is the appetite and the incentivization to capitalize on some of these risk-taking opportunities. That's a team sport. That's not just universities. That's universities and government. That's universities and industry. That's universities and the public and the not-for-profit sector as well.