You're absolutely right that our system requires fundamental research, and there are substantial investments being made in that area. The government made important commitments in budget 2024 and we expect those to be followed up on.
We also know we're at a moment in Canada where we need to make targeted, mission-driven investments to transform our economy and, frankly, to bolster our position on the world stage. It is not a replacement for basic research funding. This is absolutely correct, and I strongly agree with you, but it is an important complement, and it is part of a national mission that universities want and can be part of today.