Award

NU/1246 - 8 (2) AELIUS BIOTECH 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

20 Apr 2018 at 08:15

Award Notice
Summary of the contracting process

The procurement process titled "NU/1246 - 8 (2) AELIUS BIOTECH Commercialisation of university research through provision of management skills to assist in successful spin-out company creation" is being conducted by Newcastle University, located in Newcastle upon Tyne, England. This tender falls under the category of financial consultancy services and has been completed with an award value of £28,800. The procurement method used was an open procedure, and the initial tender period closed on 29 March 2018. The contract, commencing on 1 May 2018, is set to conclude on 31 October 2018.

This tender provides a valuable opportunity for small and medium-sized enterprises (SMEs) in the consultancy sector, particularly those experienced in business planning and contract research. Companies that specialise in supporting the commercialisation of academic research or have expertise in developing business strategies for start-ups in the pharmaceutical or functional food markets would be particularly well-suited to engage in similar tenders. This initiative by Newcastle University aims to foster entrepreneurship in cutting-edge research applications, potentially leading to significant growth opportunities for involved businesses.

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Notice Information

Notice Title

NU/1246 - 8 (2) AELIUS BIOTECH Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

Professor Jeff Pearson and Dr Peter Chater, of Newcastle University, have developed an innovative in vitro model gut system which is currently offered as a research service through the university. The system is the first of its kind capable of integrating a cell culture system with a physiologically accurate mucus layer and whole digestive secretions including bile and digestive enzymes, and has been described as the 'holy grail' of research into oral pharmaceuticals. This system has been used in numerous academic and commercial projects, correctly predicting the outcome of a human ileostomy study and providing contract research services to customers such as Oxford Pharmascience, Suntory Lucozade Ribena, Croda and Capsugel. The proposal is to set up a company 'Aelius Biotech' as a contract research organisation to scale up the service provision and provide improved in vitro testing to the pharmaceutical and functional food markets. 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) Negotiate and deliver a funding package, in accordance with the business plan, to finance the growth of the business.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5acca68a-4502-497c-96ce-04cc27239064
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£28,800 Under £100K
Lots Value
Not specified
Awards Value
£28,800 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Apr 20187 years ago
Submission Deadline
29 Mar 2018Expired
Future Notice Date
Not specified
Award Date
17 Apr 20187 years ago
Contract Period
30 Apr 2018 - 31 Oct 2018 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

TECHNOSTICS

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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