Mr. Speaker, the member spoke about venture capital markets. I would like to find out from him about the health of the Canadian venture capital market. It is difficult in the United States, as well. Most of the venture capital markets are in Massachusetts and Silicon Valley. The rest of the country has a hard time competing. It is the same for Canada.
Ian MacLellan, the founder of ARISE, a company in Waterloo that manufactures solar panels, was looking for venture capital, but he had to move to Germany and become a partner with the German government. That is one example of Canada losing out. A venture capital market would have been helpful to him at that time.
I would like the member to give us an update on the state of venture capital in this country. Labour investment funds across the country in different provinces have had varying degrees of success. There have been some successes and some failures. It is a tough market, regardless of what government is in power--