The Serbian women's university basketball team (Serbian: Женска универзитетска кошаркашка репрезентација Србије / Ženska univerzitetska košarkaška reprezentacija Srbije ) represents Serbia at the Summer Universiade and is controlled by the Basketball Federation of Serbia, the governing body for basketball in Serbia.

Based on the paragraph above can we conclude that "The Serbian women's university has teams that participate in events."?
Yes