Award

NU/1246-1 STEMGEL: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

03 May 2017 at 08:00

Award Notice
Summary of the contracting process

The procurement process involves Newcastle University seeking to commercialise university research through a tender titled "NU/1246-1 STEMGEL." This initiative is situated within the life sciences industry and is specifically designed to develop a company that will utilise innovative cell encapsulation technology. The tender was awarded on 13 April 2017, with an active contract value of £25,000. The contract period commenced on 1 May 2017 and is scheduled to conclude on 30 November 2017. The project primarily targets the North East region of the United Kingdom and falls under the category of business and management consultancy services.

This tender represents a significant opportunity for businesses involved in consultancy, life sciences, or related services to engage with an innovative project aimed at commercialising cutting-edge research. Companies with expertise in business planning, venture capital funding, and the life sciences sector would be particularly well-suited to participate in future tenders of this nature. Potential suppliers can leverage their skills to enhance the operationalisation of the StemGel technology, thereby opening up avenues for collaboration and growth in a rapidly evolving market.

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Notice Information

Notice Title

NU/1246-1 STEMGEL: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

Prof. Che Connon of Newcastle University has invented a cell encapsulation technology which provides a novel solution to the many problems associated with the transportation and storage of cells and cultures. The proposal is to set up a company ("StemGel") to exploit the commercial opportunities presented by the core technology platform. Those opportunities span a wide range of segments of the overall life sciences sector, including, but not limited to, research tools for the individual laboratory researcher through to new therapeutics for regenerative medicine. The business will use its core IP to provide kits for the transportation of cells in the laboratory supply and cell distribution sectors. Routes to market will include direct sales to individual researchers and sub-licensing to companies whose core business is the sale of high value engineered cells and tissues. There will be a progressive roll out into more complex (but higher value) segments. Although there are technologies already on the market for the hypothermic transportation of cells and tissues, there is no established market leader and StemGel's technology provides a number of significant additional benefits, including: * Compatible with a wide range of cell types (including stem cells) * No recovery period required before cells are available for use * All cell functions and viability are maintained after storage and transport * Simple to use The initial brief of the executive will be to: (a) Produce a viable business plan; (b) Obtain university approval for the venture; (c) Act for the company in the spin-out legal process and address all company formation matters; (d) Secure (venture capital and other) funding Stage (d) will produce the funds by which the new start-up company can employ the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0065c17f-d8a4-45cc-a15c-044583cd23c5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f12abc24-fd4a-442d-a90d-eb8f27a78fe9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£25,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 May 20178 years ago
Submission Deadline
10 Apr 2017Expired
Future Notice Date
Not specified
Award Date
12 Apr 20178 years ago
Contract Period
30 Apr 2017 - 30 Nov 2017 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE UNIVERSITY
Contact Name
Leigh Anderson
Contact Email
leigh.anderson@ncl.ac.uk
Contact Phone
+44 1912228618

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

MCLEAN & MCLEAN

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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