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Meaning of “spin-off” in the English Dictionary

"spin-off" in Business English

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spin-offnoun [C]

uk   us   /ˈspɪnɒf/ (UK also spin-out) COMMERCE, MARKETING, MANAGEMENT
a new ​businesscreated by ​separatingpart of a ​company, or the ​act of ​creating such a ​business: a spin-off from sth In ​Europe, most of the biggest ​internetcompanies are spin-offs from ​establishedfirms.the spin-off of sth Oxford University's ​technologytransferunitmanaged the spin-out of 10 new ​companies in the last ​year.
(Definition of spin-off from the Cambridge Business English Dictionary © Cambridge University Press)
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