Thank you, Mr. Chair.
Thank you to our witnesses for being here today, two of whom are doing repeat performances. Thank you so much for coming back.
I want to start with you, Mr. Gaffield.
On March 9, Professor Karim from the University of Waterloo stated:
Challenges such as a net-zero economy, climate change, sustainable health care, inequality and food insecurity continue to exist despite decades of strong economic growth. Private enterprises do not take on these challenges because the financial returns are modest and the time to returns can be very long. However, sustainable social enterprises founded on university campuses like Waterloo can take on these societal challenges and they do.
What advantages do universities have that allow them to innovate in areas that have been neglected by private companies?