my negative perception is partially rooted in experiences with incubators, but more so with academics in general. academics would do far better (and so would everyone) if they just licensed their IP for a small percent (like 1-5%) and then let ambition entrepreneurs take the innovation to market. the universities are full of trophy technologies because the academics themselves confuse their ability to innovate academically with their ability and willingness (including personal risk) to execute in business. i have observed first and second hand that there is a trend with academics that they are never willing to risk their own skin but will gladly risk young people's skin, and overvalue their contributions, and effectively take advantage of young people's innocent ambition. and it is innocent ambition that always executes innovation.

i reiterate my advice to the poster, walk away from this. he will waste 5 or 10 years of his life on this and statistically, there will not be a single business of lasting value that will come out of it.