Tender

NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Tender

14 Jan 2019 at 10:56

Tender Notice
Summary of the contracting process

The tender titled "NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research" is being conducted by Newcastle University. This process falls under the category of business and management consultancy services, focusing on the North East region of the United Kingdom. The procurement is at the planning stage, with the deadline for submissions set for 18th February 2019. The total value of the contract is £2,500,000, and the awarded contract period will commence from 28th February 2019 and last until 31st December 2023. The procurement method applied is a selective, restricted procedure, allowing only qualified applicants to compete for this contract.

This tender presents significant opportunities for businesses specialising in consultancy services, particularly those with expertise in commercialising academic research. Small and medium-sized enterprises (SMEs) that can demonstrate experience in producing viable business plans, securing funding, and navigating the legal processes for company formation are well-suited to compete. The cyclical nature of the services required means that businesses can establish ongoing relationships with the universities involved, providing a platform for continuous growth and collaboration in the sector.

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Notice Information

Notice Title

NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research

Notice Description

Newcastle, Sunderland, Northumbria and Durham universities will engage suitably qualified and experienced executives through the DPS as and when required over the DPS period. The specific requirements will be detailed in each individual further competition. The typical brief of an 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) Provide to the appropriate university all matters necessary for Research England and ESIF reporting requirements; (e) Secure (venture capital and/or other) funding in accordance with the business plan. This will be a cyclical process throughout the entire Research England and potential ESIF project along with any additional funding streams.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-717b5dfa-f520-429c-9658-7efa5e440f6c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b84a7992-3c5c-4e4e-bc0d-11a6f14617aa
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Not specified

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
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jan 20197 years ago
Submission Deadline
18 Feb 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
28 Feb 2019 - 31 Dec 2023 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
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

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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