Mr. Speaker, TPC is anything but a handout. It is a risk sharing investment that the government makes to support the development of new technology and products that are sold and exported throughout the world.
So far, the $491 million that the Government of Canada has committed in TPC investments has leveraged $2.17 billion in private sector investments, generating up to $52 billion in sales of Canadian goods and has created or maintained over 11,500 jobs in the Canadian economy.