Thanks.
I would like to ask some questions about the venture capital action plan.
First, specifically, what was the role of BDC in selecting the fund manager? You mentioned that one of BDC's roles was to support the venture capital expert panel. I would like to know who the members of that panel were.
You also mentioned that the venture capital expert panel was appointed by the Minister of Finance, and “...the three organizations assessed the applications and interviewed applicants.” It appears that BDC was not only giving advice but was also involved in the process of selecting the fund managers. When another committee, the industry committee, had BDC there, I asked the question, and basically they replied that their involvement was post-selection of the fund manager.
I would like to know if BDC was ever involved in the selection process for the managers, especially when we see that one of the fund managers selected did not even apply to be one?