I'm going to give you a concrete example. I'm dean of the Faculty of Arts and Sciences at Université de Montréal. Part of my job is raising money, philanthropy with donors, and so I'm trying to do this because the research money is not sufficient for the government. There are other people willing to help, but even then, that's not up to the scale that is required to maintain the talent here.
I had managed to get a $6 million endowed chair for one of my chemistry professors, a young star, awesome. I got the money and I was telling him, I've got it, you're going to benefit from this, this is an endowed chair, you're getting money—well, I didn't tell him forever—but an endowed chair basically means that you have the capital and you're just using the interest to fund the research.
He got an offer from Germany. He left for Germany, and he took three of his Ph.D. students. He was nice about it. He said, "Thanks, Dean Bouchard, for trying this, but Germany is paying me for a brand new lab". He left with his graduate students who are not German. These are Canadian students and they could have a nice lab in Germany. He works on batteries, and I can guarantee you that in five years he'll have some patents in Germany and we'll be licensing them here.
The government is doing a lot and I am extremely grateful. I think the additional investments that have been announced in the last budget will go a very long way in making us competitive, but before these investments, we were in the league, if you will, but we weren't competitive, and so we were losing out concretely talent that we desperately need to keep in Canada.