Award

(NU/1433-16) NunaBio: 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

04 Jan 2021 at 13:45

Summary of the contracting process

The procurement process initiated by Newcastle University involves the commercialisation of university research through the provision of management skills to support the creation of successful spin-out companies. This tender, titled "(NU/1433-16) NunaBio", focuses on an enhanced DNA sensing platform technology applicable across various market sectors. The tender was awarded on 18 December 2020, with an active contract period from 4 January 2021 to 28 May 2021, and a total contract value of £26,000. The procurement method employed is a selective tender using a restricted procedure. The delivery location for this project is in the North East region of the United Kingdom.

This opportunity presents significant potential for business growth, particularly for consultancies specialising in business management, strategic planning, and the commercialisation of research. Businesses that possess expertise in developing viable business plans, securing funding, and navigating legal processes associated with spin-out companies will be well-suited to compete. The execution of this contract could establish long-term partnerships with Newcastle University, opening further avenues for collaboration in future projects within the technology and innovation sectors.

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Notice Title

(NU/1433-16) NunaBio: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

NunaBio Ltd has developed an enhanced DNA sensing platform technology and associated IP that will find application in many market sectors that require increased confidence in the sensitive detection of target DNA sequences. Consumers of diagnostic devices require their device to be sensitive and accurate. While 100% accuracy is possible, existing approaches require highly trained staff, expensive labs and significant lead time to results. These drawbacks are key drivers for the development of point-of-use devices which aim to support better decision making, reduce cost (social and economic) and time to action. The utility of such devices and therefore consumer confidence in the results they produce is highly dependent on their accuracy. Exemplified by the current COVID-19 pandemic, there is an urgent unmet need for advanced confidence. We are looking for an executive and the initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; (3) a. Act for the company in the spin-out legal process and address all company formation matters; b. Obtain founder academics' and Newcastle University (including the Head of Company Creation) approval for appointment as CEO. c. Provide to the appropriate university all matters necessary for ERDF reporting requirements; (4) Secure (venture capital and other) funding

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-489f581f-2949-4073-ac62-7b13872d8bdd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b6cae044-428a-4208-b853-cece3ab50c97
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
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
£30,000 Under £100K
Lots Value
Not specified
Awards Value
£26,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jan 20215 years ago
Submission Deadline
15 Dec 2020Expired
Future Notice Date
Not specified
Award Date
18 Dec 20205 years ago
Contract Period
4 Jan 2021 - 28 May 2021 1-6 months
Recurrence
Not specified

Notice Status

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

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
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

THE ATTIC CONSULTANCY

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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