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The National Endowment for Science, Technology and the Arts (NESTA) is an independent endowment in the United Kingdom established by an Act of Parliament in 1998. The company acts through a combination of practical programmes, early stage investment, research and policy, and the formation of partnerships to foster innovation and deliver radical new ideas. Funded by an endowment from the UK National Lottery, NESTA uses the interest from that endowment to fund and support its projects. On 14 October 2010 the Government announced that it will transfer NESTA's status from an executive non-departmental public body to a charitable body. NESTA's work to tackle social and economic issues in the UK at no cost to the taxpayer will continue. (Excerpt from <a href="http://en.wikipedia.org/wiki/NESTA">Wikipedia article: NESTA</a>)

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