Thank you to all the witnesses here today with us.
I'd like to start with Mr. Balsillie.
In your presentation, in a brief conversation before the committee and in the material you presented, it's clear you feel that the critical, essential piece here is that upstream appropriation of intellectual property.
I come from a science background where science is based on knowledge. Mr. Gaffield mentioned this, too, I think. Knowledge isn't even considered real knowledge until it's verified and publicly known. There's sort of a tension there, I think. I guess I'd like you to comment on that.
We heard that most of our IP activity seems to be coming from universities. You could comment on that in general, but in particular, maybe I'll give you a chance to go over again what you said about what the federal government can do to make sure that upstream appropriation—especially in the university context and the science context—is up to par with the rest of the world.