Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

There could then be spin-out companies in respect of which there would be a combination of funding from vulture funds and they would perhaps have an equity in the company. There could be researchers or academics in institutes who would also be directors and shareholders and then there would be the institute itself, which would be a shareholder. What level of protections is in place to make sure the institute would be a fairly substantial shareholder so that if there is a spin-out and substantial revenue accruing, the institute would be protected and get its fair share?