Charles University spawns TTO

Jun 29, 2018 •

Charles University Innovation Prague will have an annual budget of at least $135,000 over five years to establish spinouts and license IP.

Charles University has launched a wholly-owned tech transfer company (TTO) called Charles University Innovation Prague (CUIP) with Kr.3m ($135,000) in equity, Czech News Agency reported on Tuesday.

CUIP will form and assist Charles University spinouts. Charles University regards CUIP as a novel approach for Czech university venturing that will spur more effective tech transfer to commercial partners and the wider public.

In addition to equity, CUIP will receive an annual subsidy worth between $135,000 to $180,000 over five years from…

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