Meaning of “spin-off” in the English Dictionary

business-english dictionary

(Definition of “spin-off” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"spin-off" in Business English

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spin-offnoun [ C ]

uk /ˈspɪnɒf/ us UK also spin-out COMMERCE, MARKETING, MANAGEMENT

a new business created by separating part of a company, or the act of creating such a business:

a spin-off from sth In Europe, most of the biggest internet companies are spin-offs from established firms.
the spin-off of sth Oxford University's technology transfer unit managed the spin-out of 10 new companies in the last year.

(Definition of “spin-off” from the Cambridge Business English Dictionary © Cambridge University Press)