refoundation

/ˌriːfaʊnˈdeɪʃən/
noun
  1. The act or process of establishing something again, especially an institution, organization, or system, often with new principles or a new basis.
    • The university's refoundation in 1990 brought a new focus on technology and innovation.
    • After the war, the refoundation of the country's government was a long and difficult process.
    • The company's refoundation involved restructuring its entire business model.
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