Five years ago Oxford University set up a spin-out company, OrganOx, to commercialise the technology.

BBC: 'Warmed liver' transplant first

Glasgow University spin-out company Anacail is also seeking development partners to scale the product into full manufacture.

BBC: Plasma device developed to 'sterilise' food

In 2003, Stanford University spin-out company Cooligy showed off its Active Micro-Channel Cooling (AMC) technology which allowed fluids to circulate through hundreds of tiny channels on the upper surface of a chip.

BBC: IBM aims to cool chips with water

BarryDillerBarry Diller's plan to spin-out the units of his company into five more centered businesses could prove lucrative for shareholders, if the spins can manage their share of debt being issued in connection with the split.

FORBES: Magazine Article

Back in 2009, he probably saw AOL as a company which its parent basically wanted to get rid of in a spin-out.

FORBES: Why Did Tim Armstrong Want the AOL Job Again?