Finance committee  In Manitoba--and my statistics are for Manitoba--it has affected our ability to raise capital. That's one of the drivers for expanding the market available to us through a larger ticket and attracting a higher net worth individual who would be more accustomed and more aware and more able to bear the risk profile of a venture capital investment.

Finance committee  Retail venture capital is venture capital that is raised through the retail financial planning system, through IDA brokers or MFDA brokers, typically into labour-sponsored investment funds.

Finance committee  No, it is venture capital that is raised from what is called the retail investor. That is an average Canadian making an RRSP investment or doing financial planning for retirement.

Finance committee  It will expand the market available to us. Very clearly, we've attracted 4% of the RRSP-aged population into the asset class historically. If we look at what the IDA, which is the stock brokerage community, is telling us, their high net worth clients and their firms are blocking them from making positions in our funds.

Finance committee  Thank you, sir. Mr. Chairman, committee members, thank you. I am Ken Bicknell, as mentioned. I'm also here as a committee member of the Association of Labour Sponsored Investment Funds, and I'm proud to be a Manitoban since birth. I'd like to ask you to change your thought process from the very important child care and wellness issues we've heard about, which are interesting to me--I'm a father of four, as well--but I'd like you to think about capital requirements for growth-focused small- and medium-sized enterprises.