Mr. Speaker, I would like to thank the hon. member for Guelph for his question and his continued effort to raise the business needs of his riding.
Guelph and the surrounding region is a hub of innovation and entrepreneurship, and this investment of $4.84 million to Bioenterprise is a prime example of our commitment to cultivating and encouraging creativity, invention, and collaboration.
I am proud to say that budget 2016 focuses on expanding our start-ups and strengthening our innovation clusters to help create opportunities for long-term development and sustainable economic growth.
It is about growing the economy and creating jobs.