Mr. Speaker, I would like to thank my hon. colleague for that excellent question. Of course, innovation and research are extremely important to the Canadian economy today and also in the future. That is why we are supporting advanced research. We are providing increased funding for research through the federal research granting councils, colleges and polytechnics, and Genome Canada. We are supporting business innovation by helping businesses invest in innovation, making them more competitive and creating more high-paying jobs in Canada. We are enhancing Canada's venture capital system by fostering entrepreneurial talent and ideas, promoting an entrepreneurial culture in Canada and supporting youth entrepreneurship.
In the House of Commons on October 17th, 2013. See this statement in context.