Thank you, Mr. Chair.
Thank you to all our witnesses.
I've certainly been most impressed by the testimony we've heard at this committee from colleges and small universities on the need to look very carefully at the distribution of federal funds. I think the benefits of applied research have been made very clearly, as well as the benefits of retaining local talent and allowing small businesses within the communities to thrive through the products that are produced.
Having said that, I think I'll start with Dr. Fassina.
You made reference to supporting colleges differently. In a practical sense, do you have some suggestions as to how the tri-councils should actually look at funding when they look at applications coming in from across the spectrum, from U15, from small universities, from colleges? What sort of criteria should they be looking at when they decide on their allocation of funds?