I would like to talk some more about this very important article.
Representatives of the University of Toronto say that U of T is in a class with the likes of MIT and Stanford University when it comes to research and development. However, Stanford University has generated $1.3 billion U.S. in royalties on its intellectual property. The Massachusetts Institute of Technology issued 288 U.S. patents last year alone. The University of Toronto generates less than $3 million Canadian in annual income and averages eight patents a year. That is not much compared to the American universities.
What can we do so that our universities are more competitive with American universities?
What do you think, Ms. Cukier? You talked quite a bit about how universities lag behind.