Spinoff (noun)

1. A new product, company, or activity that develops from a previous one.
2. A subsidiary company or subsidiary product derived from a larger company or product.
3. A byproduct or unintended consequence of an action or event.
4. A television show or film that is based on a previously successful one.

Origin:

1960s: from spin (verb) + off (adverb).

Examples:

1. NASA has developed many spinoff technologies from its space exploration programs.
2. The smartphone company was a spinoff from the original computer company.
3. The spinoff from the initial project was a new, more efficient process.
4. The spinoff television show was very popular with audiences and ran for many seasons.
5. The spinoff film was a box office success and received positive reviews.