Thank you so much for that question because what you implied in it is the crucial point.
Again, in my years leading the federal granting council for social sciences and humanities, what we found was that for investing in research, the guaranteed ROI—the guaranteed return—is that cultivation of talent, which is the people we need. It's guaranteed.
This was the debate from the mid-nineties on. For a country, when you think about it, what can we invest in today that has a guaranteed return? There are not many things, but in fact, in the research world, that's exactly what happens. When you fund research projects, the people involved are all going to have their human capital—their intellectual capital—raised in ways that will serve that society.
You're absolutely right in terms of pointing to the importance of an ecosystem approach. One key aspect is that we can't just do a little bit over here and.... While I'm a huge proponent of saying we must have scholarships and fellowships at an internationally competitive level, that is just the pinnacle of the much larger effort we need.
We need to be able to view this entire ecosystem in a holistic way. Why? We need that development of talent across our sectors across the country and for them to be able to engage internationally, because at the end of the day, that is the ROI that is going to save us in terms of building a better future.