Thanks very much.
There has been an interesting mix in how countries have approached their reinvestment over the last number of years. The 3% refers, really, to the core and Germany, but remember that they structure their research on institute lines, as well as having granting councils analogous to ours, so it's a blend.
In like fashion, if we were to look at Canada, I think we always need a blend. We need to support open-ended, discovery-oriented, blue sky research—however you want to describe it. The free flow of imagination in all disciplines is so essential to create a better future for the world and for Canada, and also to allow young minds to flourish. However, some targeted areas are important and you'll understand that Canada has to make some bets in particular areas. We've done that effectively in a few places already. It has to be a blend.
The last thing I would say is that we have NRC reinventing itself. There's money that's been set aside for the new CARPA. I think that is the acronym for it. We have to figure out how to link entities like NRC and CARPA to the upstream ecosystem to create a positive flow and interchange between research and development and innovation. Again, oversight through some type of body would help, but we need a plan, we need a vision, we need stable, long-term support and we need to make sense of how that works together in the broad public interest.