Thank you for the question. It's a very important one.
As you mentioned, we have difficulty translating those inventions to innovation. I'll speak specifically from the chemical and clean-technology sector, which I represent. Bringing those to market is extremely expensive. You need multiple and diverse expertise, from the scientists to the engineers to the industry adopters, and the wraparound business expertise. Additionally to that, there's this valley of death because of the complexities that go in.
I think what we need to do to ensure that we can translate those to economic benefit—I mentioned this in my recommendations—is create a national framework to be able to speak the same language so that we can validate and de-risk the technologies earlier. The private sector adopters are feeling more comfortable. They're able to get the dollars into those technologies and move them along.
That's also coupled with critical infrastructure. The facilities—the laboratory, the piloting scale and the demonstration space you need—differ along the entire commercialization pathway. For example, our facility has over 200,000 square feet. We have physical infrastructure to bring those technologies to market with piloting and demonstration bays and being able to work with other organizations across the country.
