Nominet announced that the Nominet Foundation will support education, research and development initiatives. It will form a foundation to fund research and educational programs in the UK Internet arena. Nominet is a not-for-profit organization and thus, any excess income should be utilized for the advantage of the UK Internet community. The organization has already chalked up plans to fund certain kinds of projects though it is still open to various others. Projects on online safety for children is one of them along with community projects to enhance internet access and utilization.

Academic research projects regarding security will be welcomed eagerly as it has become a burning issue for UK stakeholders. However, the Nominet Foundation will not divert any funding from Nominet’s work on the UK’s Internet infrastructure and systems. Nominet Foundation has robust support from Labour MP Alun Michael. The Foundation has a target to launch in the Summer of 2008 with an initial donation of £5 million. It has already started the process of setting up the organization and creating the governance structure. applications for projects seeking funds will be invited later. Lesley Cowley, Nominet’s chief executive confirmed that they have a budding, flourishing .uk registry and the capability to fund valuable projects and the foundation is looking forward to some worthwhile work.

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