The objective of the second phase is to prepare the actual establishment of the spin-off. Phase 2 is only initiated if the outcome of phase 1 shows that a spin-off is the best route to market. At the end of phase 2, the spin-off company is incorporated.
After creating the spin-off, the company needs funding to grow. Typically, this involves seeking external financing like venture capital, loans, or grants. TNO offers an Investor Readiness Programme for founders.