Charles university have found a separate subsidiary ****************************************************************************************** * ****************************************************************************************** PRESS RELEASE Charles University Ovocný trh 5, Praha 1, 116 36 http://www.cuni.cz CHARLES UNIVERSITY IS THE FIRST UNIVERSITY IN THE CZECH REPUBLIC TO FOUND A SEPARATE SUBSI SCIENTIFIC KNOWLEDGE TO PRACTISE June 26th, 2018 - Charles University extends the limits in the field of the practical use of science, research, and innovation in the Czech Republic. It is the first Czech universi to found a wholly owned subsidiary. The name of the company is Charles University Innovati short CUIP. It should function as a bridge between teams of scientists and commercial subj of CUIP will be to bring university knowledge and technologies to practical use. The prior founding, managing and investing in university spin-off companies. Charles University is the first university in the Czech Republic to start an independent s this purpose. The concept is absolutely unique in the Czech university system, and it will contribute to the transfer of scientific knowledge and technologies from the university en commercial partners and thus also to the public. So far, these tasks have primarily been p Centre for Knowledge and Technology Transfer of Charles University. The way to the practic of a specific scientific output, however, used to be administratively complicated and long subsidiary is a break-thorough decision intended to improve the efficiency of the process “It is a historic milestone, by which we extend the existing limits in the field of fundin application of science, research, and innovation at Charles University as well as in the e Republic. I believe that thanks to CUIP, numerous unique scientific projects and discoveri a faster way to their practical use. Taking this step, Charles University stands in line w universities all over the world, such as Oxford, KU Leuven, or ETH Zurich. I firmly hope t become an inspiration for other universities as well,” said the Rector of Charles Universi The independent subsidiary, Charles University Innovations Prague is supposed to be a part existing Centre for Knowledge and Technology Transfer of Charles University. The centre wa 2007, and with it contributed materially to the genesis of many scientific projects such a computer game Attentat 1942, the PRENS method helping incontinent patients or the interact aid Homebalance. The Centre for Knowledge and Technology Transfer will still remain a part of the universit provide legal and patent assistance for science-research teams and look for interesting su the university. Once an interesting project is identified and prepared for its commerciali subsidiary shall take it over. CUIP will select and ensure the appropriate form of commerc means the options of starting a spin-off or selling industrial property or a patent licenc “With the foundation of Charles University Innovations Prague, we, as the Centre for Knowl Technology Transfer of Charles University, gain a strong partner. At the same time, I perc a new, flexible instrument which will help us extend the activities of the university in t knowledge and technology transfer and practical application. I believe that we will explor synergy to the maximum. Our cooperation with CUIP will be a benefit both for the academic the external partners of Charles university, “added the director of the Centre of Knowledg Transfer Hana Kosová. Charles University Innovations Prague Charles University Innovations Prague (CUIP) is a wholly owned subsidiary of Charles Unive activities of CUIP are supervised by a supervisory board appointed by the Rector of Charle The purpose of CUIP is first of all to broaden and improve the efficiency of the existing in the area of innovation and commercializing at Charles University and mediate the contac academic community and external investors for the sphere of starting spin-off companies an transfers. The expected long-term benefit is an increased number of discoveries and invent University which will find their practical application, and, at the same time, an increase of external partners and of the amount of cooperation of Charles University through CUIP. Spin-off company A company using the intellectual property of Charles University to start its business. CUI shareholder of such a company. CONTACT: Mgr. Václav Hájek Press Department Charles University tel: +420 224 491 248 mob: 721 285 565 e-mail: pr@cuni.cz