spin-off
noun [ C ]
COMMERCE, MARKETING, MANAGEMENT uk/ˈspɪnɒf/ us(UK also spin-out)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.