Thank you, Madam Chair.
Once again, welcome, witnesses, to our committee. It is very informative.
Mr. Balsillie, I'm going to focus my whole five minutes on asking questions and exploring IP and the contemporary economy that you talked about, IP and big data.
As I was prepping for the meeting, I was looking at the number of applications that have been submitted, the dollar value, the threshold, etc., but nowhere could I find the number for the IP associated with these investments. When I looked at the $428 million in assets, I was trying to get a definition of the asset, and whether or not the IP includes the asset. I was looking at different state-owned organizations, for which it's $1.6 billion, or $1.07 billion.
I come from a management consulting background. I worked with a lot of Fortune 500 companies as well as small businesses. Even from the Government of Canada industry department, which is spending $2.2 billion scaling up organizations—and these guys come with a lot of IP—I could not find any indicators of the number for the IP going to foreign investment or foreign countries, regardless.
I know most of our investment is going to the U.S., 54%. The rest is going to the EU at 24%, and 5% to China, but I could not get any data around IP. Do you have some data around where our IP is going?