followons

Follow-on is a general term used across industries to describe something that comes after an initial act, product, or contract. It denotes continuation, repetition, or subsequent development. The plural form follow-ons is common, though many writers hyphenate or use follow-ons with a space.

In sports, follow-on refers to a rule in cricket where the team that batted first may compel the opposing team to bat again after their first innings if the margin is sufficient. The option is strategic and depends on the format and match conditions.

In business and finance, a follow-on often means a subsequent offering of securities after an initial public offering, commonly called a follow-on offering or FPO. It can also refer to subsequent rounds of funding for a company (follow-on rounds) or to new products released to extend an existing line (follow-on products). In venture capital and private equity, follow-on investments support existing portfolio companies in later stages.

In technology and product development, a follow-on product or release is a later-generation version built on the prior model, often adding features, improvements, or performance gains to maintain competitiveness.

In defense, government procurement, and international aid, follow-on contracts or programs are subsequent efforts that extend or expand the scope of earlier work, often subject to renegotiation of terms and timelines.