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nity. The problem I see, though, is that we do a very good job of incubating and educating, but because of the current climate—high taxes and red tape—scaling-up isn't happening, so B and C funding isn't available to these start-ups. We're paying taxes to promote and incubate these companies, but then they're leaving Canada because it's easier to scale up in, say, the United States. What do you think would be a solution to that? How can we make more of an investment climate for scalability here in Canada so there isn't a negative net return on our investments, as things stand today?

universities and your foundation to develop policy. You also gave $10 million to our Perimeter Institute, which helped it open. It is literally one of our driving forces of local innovation and tech in Kitchener. On top of that, you've supported our cancer centre at Grand River Hospital and our Waterloo Regional Children's Museum. You are the example of success when the IP stays in Canada. You can innovate, monetize and scale in the communities where this innovation is developed. What has changed or has not been done in the national landscape that causes companies to no longer be able to monetize and scale here, and what causes them to head south instead?