Award

NU/1246-5 PEPMOTEC (2) 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

02 Feb 2018 at 08:26

Award Notice
Summary of the contracting process

The Newcastle University is conducting a procurement process titled "NU/1246-5 PEPMOTEC (2) Commercialisation of university research through provision of management skills to assist in successful spin-out company creation." This procurement falls under the financial consultancy services category and is taking place in the North East region of the United Kingdom. The contract period for this initiative began on 1 February 2018 and will conclude on 31 January 2019. The procurement method used is classified as "Other," and it is currently in the Award stage following the end of the tender period, which closed on 4 January 2018.

This tender presents a valuable opportunity for small and medium-sized enterprises (SMEs) involved in financial consultancy services, particularly those with expertise in managing start-ups and commercialisation processes. Businesses that are well-versed in supporting research-driven ventures and have experience in securing venture capital funding would be ideally suited to compete in this procurement. Given the focus on leveraging innovative technologies for drug discovery, companies with a background in pharmaceuticals, biotechnology, or related sectors could find significant growth potential by engaging with this newly-formed company, Pepmotec.

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Notice Information

Notice Title

NU/1246-5 PEPMOTEC (2) Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

Dr Steven Cobb of Durham University has developed a novel chemical synthesis pathway that overcomes some well-known limitations of current methods of producing modified and cyclic therapeutic peptides. The proposal is to set up a company ("Pepmotec") to exploit the commercial opportunities presented by a core technology platform which is protected by two related patent families. The technology has considerable potential for use in the production of novel peptides for drug discovery as well as re-engineering existing candidate therapeutic peptides and established protein therapeutics to enhance stability, safety and effectiveness. The business will initially seek to use its core IP and know-how to design and manufacture novel peptides on a fee-for-service basis and develop business for this service from among the large and diverse community of peptide development and pharma companies in the UK and internationally. Once the technology becomes better established and validated we believe there is significant potential to develop novel IP rich compounds through strategic collaborations with pharma companies, licensing out the technology and possibly even having an R&D programme for the company. The initial brief of the executive will be to: (a) Review existing business aims and produce a viable business plan; (b) Act for the company during formation in legal processes and address all company matters post-formation; (c) Secure (venture capital or other) funding or a customer funded work programme Phase (c) will produce the funds by which the new start-up company can remunerate 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-b5fd17-57f60667-cacc-477e-96f3-6cf71ba42914
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f8d3fde9-6e2b-4505-a7ea-346c5c867763
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
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
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£25,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Feb 20188 years ago
Submission Deadline
4 Jan 2018Expired
Future Notice Date
Not specified
Award Date
26 Jan 20188 years ago
Contract Period
1 Feb 2018 - 31 Jan 2019 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

DR CLIFF RUSH

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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