The term Spin-off is used to define a new company that arises from a parent technology driven organization, for example a high technology company or a university. Typically, an employee or a team of employees leave the parent organization, taking along a technology that serves as an entry ticket for a new company in a high-technology industry.
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In general the technology transfer is a too wide area. So we are obliged to focus on a problem that most companies face up in their every day business practice. Such an issue is the technology transfer of applied technology considering mainly that the most crucial issue in this procedure is the performance grade of the technology utilization.
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The development of a new product by a company begins when the need appears, either due to the emergence of a new technology or the appearance of a competitive product or a change in the existing legal framework, and is completed with the final introduction of the product in the market.
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