Resource Committee — Department of Innovation, Trade and Rural Development is being allocated more than $45 million in 2006-2007 to allow it to implement its plans for economic growth and job creation throughout the Province. I would like to highlight a few of our initiatives for this year. The department recently launched a provincial Innovation Strategy to make Newfoundland and Labrador more competitive internationally. We have allocated $20 million over the next four years for the Innovation Strategy. Of the four-year $20 million investment, approximately $3 million has been allocated this year for a commercialization program designed to bridge the gap companies face in moving from new technologies to true commercial activity. This year we have also allocated approximately $2 million for an Innovation Enhancement Program to assist not-for-profit organizations that support innovation by enhancing research and development capacity. Last year we announced a Comprehensive Regional Diversification Strategy for the Province. The plan builds upon the strengths of our regions and is complemented by government programs that will help develop those strengths so that they result in long-term sustainable employment for the people of this Province. Two of those programs are the Small and Medium Size Enterprise Fund and the Regional/Sectoral Diversification Fund. Last year government placed $10 million into the SME Revolving Fund to provide business financing to small and medium sized businesses. The financing will allow eligible businesses the opportunity to start up and expand, thereby helping them create and retain long-term sustainable jobs. We made an additional injection of $8 million in this year's budget. This year government allocated $5 million to Regional Sectoral/Diversification Fund to provide non-repayable contributions for economic development initiatives that address regional and sectoral development, diversification and innovation. The $5 million is in additio