Industry, Innovation and Science
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.

Further information

  • Type of Body

    I. Subsidiaries of Corporate Commonwealth Entities and Commonwealth Companies

  • Established By / Under

    Act / Regulation

  • Established By/Under More info

    Science and Industry Endowment Act 1926

  • Paid Members?

    No

  • Max No. of Board/Committee Members

    1

  • Annual Report Prepared and tabled?

    Yes

  • Classification

    C. Other

  • Auditor

    ANAO

  • Creation Date

    21 June 1926

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