I hate slow progress so quarterly income fees is a must -...

I hate slow progress so quarterly income fees is a must - literally renting out access to technology and tools and obviously pay for use of lab at full cost plus data share for internal and external work.. Then various stage payments and obviously upon success with Lic fee a split based on contribution at point in time of sale as you will only get standard industry $% .

That give cash flow , ongoing cash flow and a cost to VC firm so they speed progress ( as they have holding cost) rather than sit on hands .

Same structure as amining lease - use it and pay for it or loose it unless XX $ are spent and hurdles achieved. If not they lose sunk $ and they have to share full data.

There is a start