The purpose of this paper is to work out the categorical basis for the foundations of Conformal Field Theory. The definition of Conformal Field Theory was outlined in Segal [45] and recently given in [24] and [25]. Concepts of 2-category theory, such as versions of algebra, limit, colimit, and adjunction, are necessary for this

Much Australian work on categories is part of, or relevant to, the development of higher categories and their theory. In this note, I hope to describe some of the origins and achievements of our efforts that they might perchance serve as a guide to the development of aspects of higher-dimensional work. I trust that the somewhat autobiographical style will add interest rather than be a distraction. For so long I have felt rather apologetic when describing how categories might be helpful to other mathematicians; I have often felt even worse when mentioning enriched and higher categories to category theorists. This is not to say that I have doubted the value of our work, rather that I have felt slowed down by the continual pressure to defend it. At last, at this meeting, I feel justified in speaking freely amongst motivated researchers who know the need for the subject is well established. Australian Category Theory has its roots in homology theory: more precisely, in the treatment of the cohomology ring and the Künneth formulas in the book by Hilton and Wylie [HW]. The first edition of the book had a mistake concerning the cohomology ring of a product. The Künneth formulas arise from splittings of the natural short exact sequences