Science and Industry Endowment Fund
Industry, Innovation and Science (part of the Jobs and Innovation Portfolio)
The Science and Industry Endowment Fund was founded by statute in 1926 at the same time as the predecessor organisation to CSIRO - the CSIR. It was seeded with an appropriation by Parliament of £100,000 from consolidated revenue. Until the 2009 rejuvenation of the SIEF, its investment priorities, as reflected in the Act, were to provide assistance to people engaged in scientific research and for the training of students in scientific research. On 20 October 2009 the then Minister for Innovation, Industry, Science and Research, Senator the Hon. Kim Carr, announced the rejuvenation of the SIEF through an initial gift to the SIEF by CSIRO. CSIRO has subsequently made an additional two gifts. All three gifts were made from the proceeds of licences granted by CSIRO in 2009 for its wireless local area network (WLAN) technology. The injection of monies into the SIEF, made pursuant to a Deed of Gift dated 15 October 2009, provides the opportunity to extend the reach of the SIEF and diversify its support for a range of research activities which fall outside the mainstream and address present and future major challenges.
Type of Body
J. Joint Ventures, Partnerships and Interests in Other Companies
Established By / Under
Act / Regulation
Established By/Under More info
Science and Industry Endowment Act 1926
Max No. of Board/Committee Members
Annual Report Prepared and tabled?
21 June 1926