Clearly there must be some criteria to determine the parameters of those decisions, because the purpose is not just to go out and make good investments. We have enormous and well-developed capital markets already in Canada. There's no market failure there. The purpose of injecting $400 million in public funds was specifically to direct it to venture capital. There must be borders around the definition of “venture capital”.
On May 5th, 2016. See this statement in context.