Madam Speaker, I appreciate the member's feedback and his question. It is very critical when we are talking about innovation policy and keeping our ideas, which the taxpayer often funds to the tune of up to $15 billion in this country. We are funding innovation through our SR&ED tax credit and through university funding, yet over half of university funding for innovation goes to enrich American and other countries' economies.
When we talk about patents, Canada has in fact some of the slowest patent approval times in the western world, and there has really been no progress on this from the Liberal government in the last decade. Therefore, if we are going to improve safeguarding of our own innovations, it starts with investing in improving our patent speeds. We have to safeguard these if we are going to have an innovative future in Canada.
