At least from the outside, it appears the equipment to cut LED dies up, then place them on sheets of glass in an alternating R-G-B pattern, then sandwich another piece of glass on top, with both pieces of glass having row/column ITO conductors on, doesn't look really costly.
Sure - it's more than a hobbiest could do in a garage, but any reasonably funded university lab would have the equipment to do that.
Certainly less complex than OLED if you are starting from scratch.
Hence, I really don't see what is stopping there being a flurry of startups trying to get into the microLED screen business.
In fact, I forsee the hardest thing for a startup would be the row/column driver IC's, which I don't think the incumbent players will sell to you.