Industry committee  Quite honestly, I just lost the second item I wanted...

Industry committee  Yes, I have redeemed my second thought.

Industry committee  The thing was about the mindset of the professors. One of the things you notice when you go to Stanford in the U.S., which is well known for how good they are at doing this, is that the professor who has a business mindset, who really tries to create a company, is seen as someo

Industry committee  I'll consult with my colleague here. We have a rating system for all loans in terms of the risk level. Above what we internally call a 4.0 becomes a high risk. On the percentage, I'd like to get back to you rather than quote a wrong number.

Industry committee  Maybe I can try to answer that. We have a number of our projects that come from university labs, where we invest at a very early stage, obviously, because it comes out of a university lab. There are two suggestions I could make. One is, some universities are much better than ot

Industry committee  Can I just piggyback on this? On the dollar, you have to realize that it was not that long ago when we had the dollar in the 60-cent and 70-cent range. Many manufacturers at the time, I think, under-invested in the capital that they should have invested in. There's no reason we

Industry committee  It is hopefully with a smile.

Industry committee  Our approach is to be complementary to the financial institutions. Our role is not to take a deal away from the financial institution. That would not make sense. Through BCAP, which was referred to in both presentations, the concept is that if financial institutions really aren't

Industry committee  Let me try to come at it slightly differently. I think the SMEs during this recession have been amazingly resilient. I have to tell you that our losses are lower than what we had anticipated, and that's a big plus. And I agree with Mr. Campbell, I think the organizations focused

Industry committee  Would I be allowed a very quick follow-up to that?

Industry committee  The exit that's required for the venture capital fund to get the capital back and make a profit comes from either selling to a strategic buyer or doing an IPO of the business. That's not happening these days, which means that venture capital funds today... I can tell you that's t

Industry committee  May I just add to what was said? I absolutely agree with the state of the industry as described by Richard. I mean, we have a terrible string of poor results by the companies, thus poor results for the funds, and thus a lack of ability to raise new funds. Then we go into a pretty

Industry committee  If I could just add to that, with our 28,000 clients, we have a pretty good cross-section of businesses. There is no question whatsoever that manufacturers that export their products, especially those that export mainly to the United States, are the most affected. Mr. Campbell's

Industry committee  Except that not everyone is in the business of exporting their products, besides which not every business exports their products on such a large scale. Those businesses that do export the most are certainly the ones that need to make the most adjustments, and quickly. That is har

Industry committee  I can only speak to maybe the two programs that were in the last budget as a means to address some of the issues. I can tell you that those two programs are tremendously successful. One is the business credit availability program that was referred to earlier by my colleague and t