CSIRO Reinvests Patent Earnings

ozmanjusri writes with an update to a story we discussed a few days ago about a $200 million patent victory by CSIRO, Australia's governmental science research body. The organization has now turned around and reinvested $150 million of the proceeds into the science and industry endowment fund, which has already established three grants: "$12 million for two wireless research projects and $7.5 million for up to 120 fellowships and scholarships." CSIRO boss Megan Clark said, "It's very important that when you have a success like this, you reinvest it back into the wellspring. It's really about supporting areas that might need a helping hand in some of the frontier areas and research that actually tackles the national challenges."

Comments

paying big $$ in order to promote disblief

[Anonymous Coward]

http://www.cnn.com/2009/US/10/21/new.york.subway.ads/index.html

could be that they're afraid of something? did you chip in for that robbIE? reminds a bit of the flat earth society, forcing their irrelevant/concocted om ayn rand(oidian) position on everybody. i think they do that in the vatican & d.c. as well