The Pearcey Institute was launched during the '60th Anniversary of Computing in Victoria' celebration in 2016 and was registered in 2018 as a 'Company limited by Guarantee' and designated the Pearcey Institute Limited (PIL).
Chairman of the Foundation, Wayne Fitzsimmons, officially announced the formation of the Pearcey Institute. What follows is the excerpt from his speech relating to the Institute's creation:
We, at the Pearcey Foundation, feel that our sector (the technology sector) is not taken seriously by policy makers and legislators. This is no one else's problem but ours! For our part we have developed a plan to change the status quo. In July 2015, some 15 Pearcey stalwarts gathered at Swinburne University to develop a plan to create a new research body directed at increasing the value and success rate of research commercialisation. In this way we can demonstrate real industry-led leadership to Australia. We hope to show what alternative paths we might follow to successfully adapt to, and adopt, new and emerging technologies developed here or internationally.
I am especially excited tonight to announce the establishment of the Pearcey Institute, a not-forprofit tax-exempt accredited private research body. The PI will draw upon existing academic institutions, CSIRO, Industry Associations, CRCs, Industry Growth centres as well as industry expertise to collaborate on this broad high impact topic. Among other things, the Pearcey Institute plans to broker socio-economic research into the impacts of disruptive technologies in the Australian context.
Our first project commenced in March 2016 led by Professor Leon Stirling and Mr Colin Farrelly. The topic is quantifying the impact of Unmanned Aerial Vehicles (UAVs or drones maybe more familiar terms used to describe these robots). We are also supporting early career researchers with Ms Kelly Hutchinson's PhD project into Digital Social Innovation at the University of Melbourne. Finally we are seeking broad private and government support to undertake these research initiatives.
NOTE: From 20th February 2018 it was amicably agreed that the transition of the Centre for Innovative Industry Economic Research Inc. (CIIER) into the Pearcey Institute would cease, and that use of the name "Pearcey Institute" would revert to the control of The Pearcey Foundation Inc. Pearcey Institute is a company limited by Guarantee subject to the Corporations Act 2001 (Commonwealth) and administered by the Australian Securities and Investments Commission (ASIC).