You're absolutely right. It takes a village to bring research into commercial success. Let's look at what happens within our own ecosystem here in Ottawa.
Ottawa is a very rich G7 capital. It has a number of federal government departments that have research-aligned management. You have an ecosystem here in Ottawa where you have a very strong IT ecosystem. Of course, you have the hospitals and universities.
You often see solitude that exists within all of these ecosystems. How to best integrate the collaboration between the various parties is actually very important. This is what we've been trying to do here at the university, to try to bring the solitudes together, and to complement each other with the various programs that exist within the federal government. It could be tri-council, and it could be others.
We've been quite successful in doing this. I think more needs to happen. You heard in your meeting on Tuesday that one of the challenges that we have in this country is related to the SR&ED program, the SR&ED tax credit that exists. Indeed, the business expenditure and R and D in this country is in free fall. How can we best support our industrial sector in order to invest in the research ecosystem? That's very important. How do we bring these national [Inaudible—Editor] scientists? It was mentioned earlier by Mr. Myers, how we could be doing this.
It's all of the above, trying to bring this ecosystem together. It does take a village, and it's all about talent and the mobility of this talent among the sectors.