Dr. Graham Love:

Yes, I want to make it clear that this is normal practice in the spin-out of companies. There will be a range of activity but that is why I use the University College London example. It would not be unusual. The real value to the institution is rarely in the financial return from a sale. The value lies in the employment of people locally, the reputation of the institution, the attraction of further enterprises to collaborating with that institution and the attraction of further academic staff and students who want to go there. Most presidents of the institutes will say that is the real value piece, as opposed to the direct financial return.