News Article: High stakes: university startups push for more ownership - Business Desk (Paywalled)

When postgraduate research Jonathan Ring went to spin out Zincovery from intellectual property he'd developed with professor Aaron Marshall, the University of Canterbury wanted two-thirds equity. This followed a traditional university model that divided proceeds of commercialised intellectual property (IP) by thirds between itself, the relevant department, and the researchers/founders. This, says Ring, would have made the company uninvestable for future capital raises.