The CSIRO executive reviewed the commercial activities of the organisation in 1981/82. As a consequence it was decided to form a company known as Sirotech Limited or SIROTECH (CSIRO 36th Annual Report 1983-84, p.38) which was to give the best possible commercial support to the Divisions of CSIRO by facilitating transfer of CSIRO's results to Australian Industry.
SIROTECH's finances would come mainly from an annual service fee paid by CSIRO as well as fees or commissions negotiated on a case-by-case basis where SIROTECH was involved in technology transfer initiatives.
Sirotech Limited was incorporated in the Australian Capital Territory on 15 November 1984. The company was limited by guarantee and governed by a Board of Directors, who were also Board members of CSIRO. The company's main sorce of revenue was from service fees paid by CSIRO to cover day to day commercial and intellectual property advice.
From 1 July 1993, Sirotech Limited ceased trading and its activities devolved to CSIRO and external contractors (CSIRO Annual Report 1992-93 p.107).Historical agency address
1984-1989: 9 Queens Road, Melbourne
1989-1993: 580 Church Street, Richmond VIC