English: spin-out
Welsh: allgynhyrchu
Subject: Addysg
English definition: Spin-outs are commercial firms established and owned by individual graduates or academics with the helping hand of their university, usually in terms of free office space and business advice. When the university itself sets up and owns or part-owns the firm, it is known as a spin-off. While these have been around for decades, spin-outs have only started to appear in the last few years.