A spin-off is a new company based on science, technical skills and assets (generally intellectual property – IP), created from the University of Luxembourg’s research activities. The University works in close collaboration with the TechnoPort, the Ministry of the Economy and the Luxembourg National Research Fund (FNR) to facilitate proof of concept projects leading to the creation of spin-offs. The University stands alongside the spin-off during its development, with a team of knowledge transfer professionals supporting the scientists from the very early stages to the proof of concept phase and incubation support. Existing initiatives such as the Entrepreneurship Programme give the University community the opportunity to participate in events like Ideation Camp , where they can acquire business skills. The Entrepreneurship Programme works closely with the University of Luxembourg Incubator.