I don't have a lot to add to what Karin has said, but I'm going to speak from the University of Waterloo experience now, because I frankly don't know what goes on in the other institutions.
One of the major issues we arise at is this POP funding. Effectively, one of the roles of a tech transfer office is to take some IP, de-risk it, put a package around it in order to be able to commercialize it and move it out of the university, and to actually do prototyping and proof of concept associated with that IP. The small business technology transfer program in the States has an outstanding track record and ability to effectively achieve that early-stage activity of moving the IP out of the university.