Technology companies created from University research are known as "Academic Spin-Off" (ASO). These innovative companies play an important role for the technological, economical and social development of a country. This work discusses some aspects of ASO companies and their importance to Universities. It is also presented a fictitious history of Prof. João, a chemical researcher who will create an ASO company from his academic research work illustrating the basic steps involved in this process.

The Universities, in Brazil and all over the world are currently going through a "second revolution" in which the socio-economical development is incorporated as part of their mission and science and knowledge play a key role for the development of the society. In this context, this article is directed towards the importance of entrepreneurship and the formation of technological entrepreneurs in the area of chemistry, with special attention to the teaching of entrepreneurship in the chemistry courses and its effect on students, universities and the job possibilities. This article also presents a short discussion on a basic entrepreneurship course for chemists and some suggestions of reading on entrepreneurship to those interested in get started in this area. What is presented here about entrepreneurship in chemistry can be applied to any other area of science and technology.