The Natural Sciences and Engineering Research Council, established in 1978, is the federal government instrument for strategic investments in Canadian science and technology. NSERC, as it is commonly known, supports basic university research through grants and project research through partnerships of universities with industry, as well as the advanced training of highly qualified people in both areas. Over 8000 Canadian researchers benefit from NSERC support; over 3300 Canadians hold an NSERC scholarship or fellowship. NSERC's governing body comprises a full-time president and up to 21 members appointed for terms of up to 3 years.