Annual Report - Swinburne University of Technology

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April 2003 The Hon Lynne Kosky MLA Minister for Education and Training State Parliament of Victoria Spring Street Melbourne 3000 Dear Minister It gives me great pleasure to submit the 2002 Annual Report including the Report of Operations and the Audited Financial Statements for Swinburne University of Technology in accordance with the Financial Management Act 1994. Yours sincerely Dr. Douglas Mitchell Chancellor Professor J. G. Wallace Vice-Chancellor This Annual Report has been approved by the Swinburne University of Technology Joint Planning & Resources Committee at its meeting of 20 March 2003. This authority has been delegated to the Joint Planning & Resources Committee in line with official Swinburne policy approved by Council on 6 April 1998. Hawthorn Campus John Street Hawthorn Victoria 3122 Australia PO Box 218 Hawthorn Victoria 3122 Australia Telephone +61 3 9214 8000 Facsimile +61 3 9819 5454 www.swin.edu.au www.swin.edu.au 3
Swinburne University of Technology ■ Vice-Chancellor’s Overview 1992 – 2002 In July 2002 Swinburne celebrated its 10th anniversary as a University. The 1992 proclamation by the Parliament of Victoria of the Swinburne University of Technology Act not only recognised its distinguished history, but also the beginning of a new period of growth and innovation for Swinburne. If we look back over the past 10 years, Swinburne has amassed a number of significant achievements, including: ■ the development of a significant research profile and the establishment of numerous research centres and institutes, some of which are now among world leaders in their field ■ the creation of the Lilydale campus, which continues to grow and flourish and has become of significant importance to the outer east region ■ the merger with Eastern TAFE in 1998, enhancing our already strong contribution to vocational education and bringing Swinburne’s campuses in Australia to a total of six ■ significant building works, particularly on Hawthorn, Lilydale and Prahran campuses ■ establishment of overseas campuses in Malaysia and Thailand ■ increasing recognition of Swinburne’s role and influence in the university sector. The University continues to build on its strong foundations, and looks forward to the next 10 years with optimism. New Chancellor Swinburne’s entrepreneurial and research focus has been boosted with the appointment of Melbourne born scientist, financial analyst and philanthropist Dr. Douglas Mitchell as its new Chancellor. In June he was officially installed as Swinburne’s second Chancellor in a colourful and traditional ceremony which he described as a ‘memorable evening’. In some ways Dr. Mitchell has come full circle, having been a student and later a lecturer in chemistry at Swinburne. In 1964 he left Australia for further study and to pursue a career in medical and environmental research in London, Stockholm and New York. This was followed in 1986 by a career switch in founding an investment company in the United States, using his own mathematical models to pick stocks. Dr. Mitchell is a strong believer in building communities, with an emphasis on “returning wealth back into the communities that have assisted you … I like to think that one of Swinburne’s roles is to teach us entrepreneurship, which we will then use to optimise our community comfort levels.” “Swinburne is carrying out leading-edge education and research in entrepreneurship … These are vital for Australia’s economic health and future wellbeing.” Dr. Douglas Mitchell Significant progress was made during the year in relation to each of the University’s five strategic themes, as detailed in the following sections. Entrepreneurial University During 2002, the University continued to raise its profile as a prominent entrepreneurial university of science and technology within our region, thanks to the untiring efforts of its Council and staff. By the end of the year, the foundation stage of Swinburne’s development as an Entrepreneurial University had been consolidated. In earlier years, there was still significant debate about the meaning of the concept and how it could be implemented. The Entrepreneurial University objective has now been generally accepted throughout the University, and managers and staff are firmly working towards realization. In doing so they are building on achievements that have been developed over a number of years, such as Swinburne’s strong performance in Self-Generated Revenue (SGR). By the end of 2002, SGR had increased to 37% of total revenue. 4 Annual Report 2002
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