Thank you very much, Chair.
It's really good to see the ministers. I don't see them a lot now, but I hope to see them more as Parliament normalizes.
My first question is for Minister Champagne.
About 30 years ago, the Clinton-Gore administration in the United States consulted with I think it was over 500 industry elites for a lengthy period of time, then came out and made a very deliberate decision to move resources from military research to civilian technology research. This set the tone, or the base, for IT research in particularly life sciences, as you know. That is so important. Looking back to 30 years ago, that was a very innovative and brave investment direction made by the government.
North of the border, the Canadian economy has often been characterized as risk averse. Many analysts believe we should take some risks and at least seek some high-risk, high-reward investments.
Your mandate letter, as well as the 2021 Liberal Party platform, reference a Canada advanced research projects agency to help in the development of such an ecosystem. Can you expand on what that means for Canadians and the Canadian research and innovation industry?