Thank you, Mr. Chair.
First and foremost, I'd like to thank the witnesses for being here.
Dr. Vats, investing in higher education is critical to ensure that every dollar is well spent, effectively and efficiently. We've all heard you talk about this.
I'd like you to talk about the awarding process rather than the granting agencies. Given your key role in developing science and research policy, can you talk a little about the effectiveness of this process and your interim system for reviewing it, since the way you award these grants is constantly evolving? Can you tell us a bit about your plan to improve the awarding of grants?