Thank you, Mr. Chair.
Thank you to both witnesses. I appreciate your deliberations, your concern for IP patents and commercialization and the scaling of our domestic businesses so that we have greater success as we go forward.
I also appreciate and understand from you both that part of your recommendations are about ensuring that there are greater synergies and greater co-operation amongst the private sector as well as government to facilitate and inspire some of that engagement. I also appreciate the discussions around the tax incentives to try to inspire greater activity or motivation to do the same.
I'm also sensitive about government acting with greater care and not adjudicating deals. That's not our part, especially as we go forward with the investment of some of these patents and trademarks.
I think you all talked about the Global Innovation Index, where Canada does rank in the top 15, which is not a bad deal. We are, I presume, now engaged quite frequently in new innovative areas of AI, quantum research and so on, and that's all very encouraging.
There's a disconnect. There's a worry that we all share that we ensure the success of those investments. Can you comment on what we are doing as a government? Our concern here in this committee is what government does. What part are we playing that enables the industry to succeed while emulating what happens in Australia, the U.K. or the U.S.? They are broader markets; they're bigger. We lose some of our talent and some of our businesses that way because of financing, monetization and the ability to commercialize. Can you expand a little bit about what Canada is doing well?
I'll go to you both of you with regard to our existing programs, and then please talk about what we—and I have your recommendations—should do.
Go ahead.