It's great to be back here again.
Our model, because we're relatively new to the game compared to university research and government research, is that the companies retain 100% of the intellectual property. In exchange for that, it's a true collaboration, but we don't want to encumber them with a random royalty stake or 3% equity stake kind of thing. Where they're small companies trying to get their widget close to commercialization and get in front of investors, we don't want to upset that, the trade-off being that whenever we can engage students and put them on the projects, we do.
Canada has had a number of novel things over the years—the scientific research and experimental development tax credit and low corporate tax rates and that kind of thing—which were great and spurred things in the seventies, eighties and nineties, but the rest of the world caught up and surpassed us. Now, I think, it is worth looking at trying to attract some of that back here, or at keeping the IP here with stuff like a patent box. A company comes up with an idea, a novel idea and they register that intellectual property. They get their patent and any revenues derived from that going forward would be tax-free or at the lowest possible tax rate, a very modest tax rate, to incentivize them to stay and commercialize here, rather than just shipping it abroad.