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The CleverTech is a spin-off company
Faculty of Biomedical Engineering, CTU in Prague

First faculty of medicine, Charles University in Prague
Spin-off company, the term mostly known in commercial field, allows executing important process called technology transfer in academic environment. Spin-off company is usually founded by university staff, post gradual or pre gradual students with contribution of the external specialists or companies (technological, trade, business angel, etc.) There are mainly two options in founding the spin-off company. University share in the company or contract based relation covering licensing and other relations allowing university to have rights like share owner. There is rare appearance of this technology transfer tool in Czech Republic in compare with other countries like USA, UK, or EU countries where spin-off contract based relation between company and university is usual product commercialization instrument. Other technology transfer tools are namely license sale or direct usage of the R&D results by university team with special training by specialized expert.