Thank you to the witnesses for being here. This is very interesting.
I want to start with Mr. Asselin. Well, perhaps I'll start with both of you.
It seems the core question in this study, the whole question of IP and developing Canadian technology companies, is around this failure at the later stages. We have good universities and people doing good work, but there's something missing in the culture of investment, or in how we try to develop that.
Mr. Asselin, you mentioned.... I'm tempted to say, “What's wrong with the private sector here?” The government sector seems to be doing a lot, in terms of the education part, but it seems we're not as successful as other countries. You mentioned the DARPA model, the Defense Advanced Research Projects Agency. I'm wondering whether you could expand on what the United States gets out of DARPA other than, I assume, a lot of IP that stays in the United States.
You said you were hoping for more of a DARPA model. Is that more like a Crown corporation? Say we had a Crown corporation for AI and a Crown corporation for biotech that would do the.... We lead the world in many of those sectors at the research level.