University spinouts are companies that are created to commercialize research and innovations developed at universities. These businesses often emerge from academic projects, where faculty members or students take their findings and turn them into marketable products or services. This process helps bridge the gap between academic research and real-world applications. These spinouts typically receive support from their universities, including funding, mentorship, and access to resources. By fostering entrepreneurship, universities can contribute to economic growth and technological advancement, while also providing students and researchers with opportunities to bring their ideas to life.