What is a new company created from a parent organization's technology called?

A new company created from a parent organization's technology is referred to as a spinout. This term describes the process where a portion of a larger entity, typically a corporation or research institution, is separated to form a new independent company. Spinouts often leverage existing technology, research, and talent from the parent organization, allowing them to accelerate their development and market entry by utilizing resources that have been already established.

In contrast, a startup is a broader term that can refer to any new business in its early stages, which may or may not derive from existing technology of a parent organization. New venture also encompasses any new business undertaking, without implying a connection to a parent company. Meanwhile, a franchise is a method of distributing goods or services that involves a franchisor licensing its business model and brand to a franchisee, which is distinct from the concept of a company deriving from another organization's technology.