Thank you very much, Madam Chair.
It's great to have all the witnesses here this morning.
Mr. Balsillie, some of the things you mentioned earlier were that we are first world as far as income is concerned, but we are third world as far as our outcome is concerned. We heard earlier that a bunch of money is going to be allocated to different potential projects to help out as far as industry issues are concerned, but you also indicated lots of money but poor results. The other thing that you mentioned on our research funding with great fanfare was that the superclusters are a great idea, but of course, so much of the intellectual property and the main focus go to other countries.
I know that in the past you've made comments about how we seem to be losing our place. I'm wondering if you can comment on some of those issues right away.