Cliff Gross

Royalties vary depending upon the industry.

Certain industries have razor-thin margins, as you know, and others are more lucrative, so you can have larger royalty rates.

So it really depends on the industry what the royalties are.

I think 5% would be the right ballpark.

Well, I guess if they could, they would.

You know, it's a somewhat opportunistic market.

It's a buyer's market in general.

If you step back and look at universities worldwide, they're producing more than 100,000 intellectual properties a year, and they have perhaps a million in inventory that have gone unsold or licensed.

So really, there's a big chasm between university IP and creating marketable technology.

And our job is to select properties, hopefully sagaciously, so we can help cross that chasm by adding value and making them ready to license or commercialize with large partners.

Less than a million.

And it's the University of Central Florida.

Uh, we, uh, we started the company in 2014 was incorporated and we did a listing on the aim, which is the junior market of the, uh, London stock exchange.

And so our, our capital came from primarily from.

We don't need capital at this point.

Business is really flying.

You know, in the first six months of this year, we did 3.8 million in sales and we made about a million and a half dollars.

Our service revenue is up.

We have portfolio companies that are maturing very rapidly.

So the only time we'll actually go and get any additional capital is if there are opportunities that we want to sort of jump on that are beyond our current capital.