Endowment Fund
In 2006 the Authority established an Endowment Fund to Support Collaborative Marine Scientific Research on the International Seabed Area. The Fund will aid experienced scientists and technicians from developing countries to participate in deep-sea research organized by international and national institutions. A campaign was launched in February 2008 to identify participants, establish a network of cooperating bodies and seek outside funds to augment the initial $3 million endowment from the Authority.
The International Seabed Authority Endowment Fund promotes and encourages the conduct of collaborative marine scientific research in the international seabed area through two main activities:
- By supporting the participation of qualified scientists and technical personnel from developing countries in marine scientific research programmes and activities.
- By providing opportunities to these scientists to participate in relevant initiatives.
The Secretariat of the International Seabed Authority is facilitating these activities by creating and maintaining an ongoing list of opportunities for scientific collaboration, including research cruises, deep-sea sample analysis, and training and internship programmes. This entails building a network of co-operating groups interested in (or presently undertaking) these types of activities and programmes, such as universities, institutions, contractors with the Authority and other entities.
The Secretariat is also actively seeking applications from scientists and other technical personnel from developing nations to be considered for assistance under the Fund. Application guidelines have been prepared for potential recipients to participate in marine scientific research programmes or other scientific co-operation activity, to enroll in training programmes, and to qualify for technical assistance. An advisory panel will evaluate all incoming applications and make recommendations to the Secretary-General of the International Seabed Authority so successful applicants may be awarded with Fund assistance.
To maximize opportunities for and participation in the Fund, the Secretariat is also seeking donations and in-kind contributions to build on the initial investment of US$3 million. This entails raising awareness of the Fund, reporting on its successes and encouraging new activities and participants.
Read more about this topic: International Seabed Authority
Famous quotes containing the words endowment and/or fund:
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to develop—in his own good time—to the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
—Bruno Bettelheim (20th century)
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)