I've worked almost exclusively with university spinouts. I would say in almost all cases the foundational approach/IP has not been taken forward. New IP was de

I've worked almost exclusively with university spinouts. I would say in almost all cases the foundational approach/IP has not been taken forward. New IP was developed, which was more suitable for building a commercial product. I'd actually be interested in any examples where university IP has successfully been taken forward (particularly in Biotech). Mostly the universities provide effectively training, and a background of scientific techniques which can help build companies... but specific IP... not so much.