10. You recently joined an AI (artificial intelligence) spin-out that has been launched by PhD students of the University of Oxford. The company has developed a range of proprietary algorithms that allow it to locate the source of malaria outbreaks, and predict the pace of the spread and the duration of the outbreak. The project has received public funding in the form of a research grant, but the funds may run out before the product is market ready. A new research grant application would delay the launch for 12 months but it is highly likely that the grant application will be successful. After the company has received some press coverage an off-shore based venture capital firm offers a much needed immediate cash injection in exchange for shares of the company.

a) You are tasked to make the final decision on whether to accept or reject the offer from the venture capital firm. Discuss how you reached your decision. (8 marks)

b) Discuss the short-term and long-term implications of your decision on the common good in the UK and globally. (7 marks)