The license fund can be used as an additional source of funding the protection of intellectual property if funding is not possible from other resources of the faculty or institute, or if funding from the LF is a priority concern of CZU. LF funds are exclusively intended to support the implementation of intellectual property results, in particular for allowing submissions of applications to protect intellectual property rights. A condition for allocation of LF funds is at least 40% co-financing by the faculty/department.
LF funds are distributed by the Licensing Council exclusively to CZU employees on the basis of an assessment of submitted applications. Application forms and deadlines for submission can be found at www.citt.czu.cz in the License Fund section – Application for drawing funds from the LF.
Applications for grants from the LF are approved by the appropriate dean (or director) according to the worksite of the employee requesting the grant from the LF.
The indicative amount from the LF in a calendar year is determined for each year by the CZU bursar. The next meeting of the Licensing Council will be at end of April/beginning of May 2016.