CSIRO Reinvests Patent Earnings 86
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."
Re:too bad the proceeds came from stifling progres (Score:4, Funny)
Known as "The Red Blackout", "The Redout" or simply "Ketchup monday".
Typical (Score:4, Funny)