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              Was the funding strategy for GEMOC continuation after 2001 successful? GEMOC’s business plan has proved to be a successful blueprint, resulting
in viable funding to continue GEMOC’s activities beyond the Commonwealth
funding period that ended in 2001.
 Key elements of funding continuation include:  
          Macquarie University support of $150,000 per annum 
          Macquarie Vice-Chancellor’s grant to support Geophysical Modelling development 
          ARC Program Grant 2002-2006 for basic research component 
          DEST Systemic Infrastructure Initiative Grant ($5.125 million) for 2002-2004 
          Industry funding is increasing through substantial collaborative ventures and value-added consulting 
          Independent Research Fellowships to support Postdoctoral Fellows Continuation of existing funding sources for other ongoing activities
such as postgraduate scholarships, undergraduate teaching development and
pilot research projects. Summary of strategy outcomes 
          Staff: 2 new academic staff members continuing, new academic staff appointment 
          Postgraduate funding strategy exceeded goals 
          Strategy for equipment and analytical funding exceeded goals Macquarie University support has been exceptional in all areas
including cash, in-kind and space guarantees, and in policy support. 
Macquarie’s Research Strategic Plan recognises GEMOC’s research programs
as Areas of Excellence (lithosphere and planetary evolution and metallogeny;
isotopic and global geochemistry; and paleomagnetism, geodynamics and geophysical
modelling) and GEMOC as a Centre of Excellence. Strategy for ongoing Geochemical Analysis Unit funding GEMOC’s outstanding analytical facilities are vital to our innovative
research programs and to attracting research and industry income.  This
technology concentration also represents a high-budget item in terms of maintenance,
running costs, replacement and especially for new purchases to maintain frontline
developments.  Funding strategies in place include: 
          User-pays system for running, maintenance and development costs 
          University annual contributions through competitive schemes and capital equipment allocations 
          Annual contribution from the Department of Earth and Planetary Sciences 
          Macquarie University’s guarantee of a strategic plan to ensure
the integrity, maintenance and appropriate staffing of the Geochemical Analysis
Unit 
          Collaborative project building with industry partners  
          Delivery of new exploration tools to industry through novel analytical methodologies 
          Research and Development ventures with manufacturers leading to equipment replacement  
          Applications to funding schemes for matching funds for new purchases 
          Provision of services to external clients including industry 
          Industry capital investment in return for access equity, negotiated
intellectual property and collaborative rates for access time |