The incubator was a seperate business endeavor with her husband, so I can’t see how the university of Alabama could own it.
Universities claim whatever their faculty develop. Years ago a nephrologist at the University of Florida developed a drink for athletes and went to the university to market it. They wanted no part of it so he went to Stokely VanCamp who bought the rights for a million dollars plus some royalties. Immediately the university sued the professor. They got half the rights. The drink was GatorAde.