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On 14 December 1987 the Council held a Special Meeting concerning the proposed University of New South Wales Foundation. During the 3 hour discussion it was moved and carried (part 1 of a motion) 1. That Council approve in principle the establishment of a University Foundation for fund raising purposes and further that Council approve the formation for this purpose of a company limited by guarantee. It appointed a committee called the University Foundation Allocations Committee with among others the responsibility for approving (ii) the application of all monies and assets available for distribution to the University in accordance with the provisions of the Articles of Association of University of New South Wales Foundation.... and resolved (CL 87/133): That Council approve the Memorandum and Articles of Association and Trust Deed for the University of New South Wales Foundation as in the draft presented to and amended by this meeting and that the Vice-Chancellor be empowered to make such amendments to the Memorandum and Articles of Association and Trust Deed as he may deem necessary after consultation with the Chancellor and the University's legal advisors to comply with any reasonable requests made by the Commissioner for Taxation or the Minister administering the Charitable Collections Act, subject to the Vice-Chancellor's reporting any such amendments to Council. It was further resolved (CL 87/134): That the directors of the Foundation be requested to prepare for the Council (i) a strategic plan outlining the proposed activities of the Foundation and specific projections for funds to be raised and costs to be incurred, ie a business plan; (ii) implications for the competing market strategies of the Foundation and the Alumni Association, given the crucial role expected to be played by alumni in recruiting members to the Foundation On 18 October 1988 the University of New South Wales Foundation Limited was registered as an Australian Public Company, Limited by Guarantee (ASIC Database 6/2/09) at UNSW Sydney 2052. On 17 November 1988 the Foundation held its inaugural meeting, at which Mr Fred W. Millar was elected its first Chairman. At the time it was noted that the Foundation has been established to provide a significant and continuing source of funds, property and benefits for the university and to be available to assist and co-ordinate the fund raising activities of schools, centres or groups (Uniken 25 November 1988). Office support for the Foundation was provided by staff of the External Affairs Department, later External Affairs Directorate (EAD). Early in 1987 Dr Robert John Solomon had been appointed as first Director of Development at UNSW. At the time the Development Unit which incorporated the Graduate Office of Alumni Affairs and Special Projects & Foundation and Fund Raising Office was one of three major units of EAD. In 1992 EAD became directly answerable to the Vice-Chancellor for a period of two years. In early 1993 EAD consisted of the Offices of Alumni Relations, Corporate Relations, the Co-op Program and the Executive Director, External Affairs. EAD was responsible for increasing the support the university received from alumni, employers and other key groups in the community. It was also responsible for the university's Visiting Committees, the UNSW Alumni Association and the University of New South Wales Foundation Ltd. In January 1994 with the establishment of the Division of the Pro-Vive- Chancellor Development the functions of EAD became the responsibility of the PVC Development and the 'secretariat' within the PVC's Division provided the administration for the Foundation. In January 1996 following a review of the portfolios of the members of the Executive the offices of Alumni and Corporate Relations were amalgamated to form the Office of Public Affairs & Development within the Division of the PVC (Development). Upon the disestablishment of the PVC (Development) position, from 1 February 2000, the Office was moved to the Registrar's Division. In September 2003 Ms Jane Bloomfield took up her position as Pro-Vice-Chancellor (Development and Alumni Affairs) later (Institutional Advancement), and as CEO of the UNSW Foundation. Her appointment reflected the university's new emphasis on alumni relations, university communications and philanthropic support from alumni, friends and organisations. Upon Ms Bloomfield's resignation from UNSW Professor John Ingleson, DVC International and Development was appointed Acting Chief Executive Officer until 26 April 2005 followed by Ms Taylor, Director of Marketing and Development, who was appointed Acting Chief Executive Officer from26 April 2005. On 9 October 2006 Ms Jennifer Bott took up the position as Chief Executive Officer of the UNSW Foundation. Her appointment signalled the university's intent to engage more strongly with the community, with business and their alumni. The 2007 UNSW staff list shows the Division of the Chief Executive UNSW Foundation with two major responsibilities Development and Alumni. From February 2016 much of the administrative functions of the Foundation appear to have been moved to the Division of Philanthropy. Subordinate agency: Alumni Relations Office - 01/11/2008 - c. 28/2/2016 Controlling Organisation: UNSW - 14/12/1987-

After meetings held with Unisearch (Later NewSouth Innovations) staff Professor Bob Clark and Gillian Turner, and Semiconductor Research Corporation, IBM, and Intel in June 2003, Qucom Pty Ltd was activated to capitalise on commercialisation opportunities associated with quantum computing [Shadow Board Papers 12 August 2003]. A ‘shadow’ Board was formed in order to progress the company planning prior to formal approvals and consents. Originally named ‘Qucom’ and registered in 1999, the company changed to ‘Qucor’ in September 2003 to avoid brand confusion or litigation by a similarly named IT company based in America. The company was officially launched on 19 December 2003. Gillian Turner was Chair of the Board and Richard Sharp was Managing Director at launch. The founding shareholding of Qucor was 30% Unisearch, 30% UNSW, and 40% held for the benefit of the researchers. Qucor was the commercialisation agent for quantum computing research at UNSW and the Centre for Quantum Computer Technology (CQCT), the latter being funded by an Australian Research Council (ARC) grant. Qucor was the registered holder of all Intellectual Property (IP) of CQCT. IP protection was not covered by the CQCT’s ARC grant. Qucor placed significant focus on finalising a Bonus Unit Plan (BUP), to give an opportunity for CQCT researchers to receive potential future dividends from the commercialisation of the IP, but this was never realised. Qucor, UNSW, University of Melbourne (UM) and NewSouth Innovations (NSi) were parties to this agreement. Qucor provided Chief Operating Officer services to CQCT, performed by their Managing Director, Dr Richard Sharp, until he resigned from the position on 12 January 2007. He was replaced by David Varvel as CEO in mid-2007, and UNSW Faculty of Science began funding the CQCT COO position in November 2008, enabling the role to continue. Varvel was terminated from CQCT in October 2010 and from Qucor in September 2010. Qucor was working with IBM on developing a fast voltage pulse generator. IBM withdrew from this project. Qucor had many dealings with UM, who were assigned a 10% shareholding of the company in December 2006 in exchange for their IP. One of their joint projects was Quantum Communications Victoria (QCV). This was an unincorporated Joint Venture established after an agreement was signed on 24 November 2005 for a prototype single photon source project used for secure communications [Preliminary QCV Company Business Plan, Board Papers 6 June 2006]. Qucor were the commercialisation agent for the JV, holding a 30% stake in QCV. Other signatories to this agreement were: MagiQ Technologies, Inc. University of Melbourne School of Physics, and Silicon Graphics Inc. QCV was not able to maintain funding in 2008 and ceased operations as of end July 2009. A three year Cooperative Research and Development Agreement (CRADA) between UNSW, UM, Qucor, and Sandia National Laboratories was signed on 16 September 2008, in order to utilise the latter’s semiconductor fabrication plant and begin engineering on the quantum computing designs. Although Qucor pursued investment from venture capital firms, UNSW assessed the company to be too strategically important to allow external funding, which could reduce UNSW equity in Qucor. UNSW funded Qucor until 2010 through a Convertible Note, after which Qucor entered into a loan with NSi. On 1 January 2013, Qucor appointed NSi as its commercialising agent, giving them the right to commercialise certain Intellectual Property Rights created at CQCT. By 2015, Qucor was operating as the IP holding company for the legacy IP with Professor Andrew Dzurack as its sole director. CQCT had been replaced by a new iteration, Centre for Quantum Computation and Communication Technology (CQC2T) in 2011. CQC2T holds no IP or commercialisation associations with Qucor. Qucor attempted to launch another commercialisation entity called Qucor 2 for the patents developed through CQC2T but the partner universities did not reach agreement. The CQC2T CEO, Barry Wong, was hired as a consultant pro bono in June 2011 to manage the maintenance of the patent portfolio [Board Minutes 17 June 2011]. The company Silicon Quantum Computing Pty Ltd (planned under the name Quantum NewCo) was created in 2017 with UNSW Innovations (formerly NSi), Telstra, Commonwealth Bank and Commonwealth Government as shareholders, and involved Qucor’s legacy IP.