When we say there is going to be a private research and a public research institute, that is true. But we expect that the science at the two institutes is going to be very collaborative. Our hope is that it is essentially seamless.

It will give flexibility to attract star faculty to take advantage of opportunities when they come along in a much quicker fashion than a public institution can often react.

I think we'll see a number of (embryonic stem cell) spin-outs in Wisconsin - we got the first one going, and we're working on at least one more.