Dr. James Browne:

Just to be clear, the last point is that in some instances, an individual who has created intellectual property may not wish to be involved in the startup company himself or herself. In that case, a startup company may exist in which the university has a share, while the individual will not have a share by his or her own choice but will take some royalty from the licence that the company will buy from the university for the technology. Those are the three examples.