The Spinova engine
A repeatable spin-off engine, end‑to‑end.
Five stages that turn an idle asset into a funded, governed venture — with discrete Go/No-Go gates and a pre-agreed path home.
Five stages
From orphan asset to scale-up.
- 01
Asset detection
Detect high-potential projects starting from validated industrial and market needs. We screen across business units against shared criteria.
- 02
Spin-off feasibility
Assessment, diagnostic and recommendation. Identify IP, regulatory and commercial red flags. Clear Go/No-Go.
- 03
Excubation & spin-off structuring
Structure the right vehicle, governance and execution team. Term sheet, cap table, license terms.
- 04
Acceleration
Scale with dedicated leadership, expert ecosystem and external capital. MVP, pilot customers, security and regulatory route as needed.
- 05
Economic outcome
Deliver liquidity, dividends or strategic re-entry — while preserving the parent's priority rights.
NewCo targets
Three opportunity zones where a Spinova NewCo unlocks value.
Target 1
Non-core assets
SPV hosts assets with exclusive IP license and buyback / call option. Immediate opportunity and cash impact for the parent company, retained strategic re-entry.
Target 2
Small underfunded segments
Born-to-fit spin-out with external funding and dedicated leadership. Removes internal drag while keeping upside.
Target 3
Frozen long-horizon R&D
License or option portfolio to NewCo, funded by external capital, with re-integration clause. Zero / low opex, preserved pipeline.
The pilot
A capped 6-week process to identify and prepare one non-core asset.
One asset. One thesis. Six weeks to a Go / No-Go — with a clear handover pack at the end.
Week 0
Scope + NDA
Formalize confidentiality. Agree on the target perimeter.
Weeks 0–1
Asset identification & screening
Comprehensive asset list and screening criteria.
Weeks 2–4
3 investment cases & diligences
Three detailed case studies. Product (IP, moats, differentiation…) and business (market, competition, commercial) diligences.
Weeks 5–6
Select project. Term sheet & pilot blueprint
Negotiate term sheet, develop pilot plan, set Go/No-Go gates and kill-switch triggers.
Week 6+
Detailed plan
Core and extended team assigned. High-level roadmap, critical path, risks.
Milestones
Three Go/No-Go gates. Automatic budget stop on miss.
Week 6
1 asset selected, red flags cleared, draft term sheet, KPI plan.
Month 3
Validated path: customer/pilot LOI + regulatory route as needed + unit economics.
Month 9
Funding committed, next milestone agreed (for instance MVP/pilot started).