Thanks very much.
Mr. Pinto, I have a question for you.
With the agenda on innovation and growth of the economy, etc., obviously there's going to be some investments from NSERC, and there has been for many years and will continue to be so. One of the complaints I've heard for many years is the time it takes from when a business comes up with a concept that wants to partner with NSERC, to the time the project works its way through the public service and the granting arm, to the time it is approved to go. Whether it's automotive, software, hardware, or what have you, this is a concern I've heard over and over. What is the average time—I know you can't pin it down on one specific item, but maybe an average—from when you work with a project until it's actually granted?