From the transcript

I think Cleo's point is a big one, that like, if there's so little money that the pool is tiny and nobody's going to be funded, we're actually putting a burden on programs to apply. And we're— if anything, we might be hurting them, right? Because they have to find the time to fill out the application, come up with the project and everything else. And then we have a pool of money that we never intended to fund 90% of them. Like, that's just unkind.