Mr. Speaker, we know that the government intends to make Canada the most innovative country in the world. The universities have a very important role to play insofar as research is concerned. For example, university-based research generated royalties of $44 million as well as 680 derivative companies in 2001. This represents a 57% increase in royalties and a 30% increase in derivative companies, and is clear evidence that government action around innovation will ensure that Canada becomes one of the most innovative countries in the world.
In the House of Commons on April 11th, 2003. See this statement in context.