Thank you, Madam Chair.
I'd like to welcome the witnesses who are with us today for this second hour of study.
My first question is for you, Mr. Labonté. The “State of Science, Technology and Innovation in Canada 2025” report commissioned by Innovation, Science and Economic Development Canada clearly states that Canada partly funds university research, but fails to convert that research into innovation, commercialize it and accrue economic benefits.
In your opinion, does the structural imbalance, meaning support for research that yields very few experimental developments, explain why Canada often recognizes good ideas but hardly ever turns them into products, Canadian intellectual property or actual benefits for our businesses?