|Why to deal with this?|| A spin-off, also known as a spin-out or a starburst, refers to a type of corporate action where a company "splits off" sections of itself as a separate business. University spin-offs transform technological inventions developed from university research that are likely to remain unexploited otherwise.
In Innovation Management, spin-offs are considered an opportunity to commercialize research and development result externally. This possibility allows companies to further develop innovations and benefit economically via license agreements.
|When is it suitable/applicable?|| University spin-offs can be a useful instrument to commercially exploit a newly developed method/theory which has not been able to attract the interest of existing business units. In existing businesses, it can make sense to "spin out" a new company if this is likely to make the company more successful (i.e. because the spin-off will be more specialized in a certain technology or service and can act more flexibly if independent).
Some success factors:
|When is it NOT suitable/applicable?||A spin-off is mostly suitable in the situations described above.|
|What costs are related to it (financial, time effort etc.)?|| The effort depends on several factors which need to be taken into account, for example:
|What’s the relevant HTE output?||The search function of this website (Food Tech Innovation Portal) will help you identify institutes and technology centres with experience in your technology area to build up your network.|
|Whom can I talk to from the HTE team?||ZENIT, Agropolis International, TEIN, Qualiméditerranée, TRITECC|
|Relevant internet links|| Links:
|Online databases and tools||Tools:|
|Where to get advice, consultancy?|| Support
|Related innovation sheets||Business angels, Venture capital, Start-up|