When it comes to intellectual property that is generated in universities, universities themselves have their own kinds of approaches to management of intellectual property and they have different models. Some are owned by the researcher, some are owned by the institution and licensed to the researcher, and they're looking at ways to maximize the economic potential of the IP that is generated here in Canada.
When it comes to companies, of course, I can't speak to the individual company's decisions here, but a lot of it is dependent on their business strategy. In some cases like in quantum algorithms, it may be that the key is not the IP itself but being the first to seize a space, as is often the case in software. When it comes to some of the hardware innovations, I think IP is a much more important piece of the puzzle. I believe some of the speakers in the second hour will have a pretty good understanding of those issues as well. I know we don't have very much time at the moment.
Our goal always is to try to make sure that, while respecting business decisions, you can maximize the retention of that IP here in Canada, particularly in areas where the federal government is investing. But I think you have to look at it in a context of how companies deploy IP to ensure their future growth as well. So there are strategic decisions that companies need to make with respect to that.
IP is a very deep, as you know, strategic kind of asset that you need to think about.