Professor Willie Donnelly:

Yes. However, it was a requirement of the funding agency that 10% of the cost be raised elsewhere. As we could not raise it from our core funding, it had to be raised externally. As such, we sought a partner that would make a contribution of 10% of the cost. Again - this is what I understand as I was not involved - it was agreed as part of the negotiations that it would receive 1% of the equity the institution received from any company established within the incubation centre.