Award

(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

15 Mar 2023 at 13:09

Award Notice
Summary of the contracting process

Newcastle University has awarded a contract for the provision of business consultancy services. The tender, titled "(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisation of University Research," falls under the business and management consultancy services category. The procurement was a selective process with a restricted procedure. The contract period runs from February 13, 2023, to May 31, 2023. The tender had an end date of January 9, 2023, and is located in the North East region of the United Kingdom.

This tender by Newcastle University provides an opportunity for businesses specialising in business consultancy services to engage with the university in commercialising research. Small and medium enterprises (SMEs) would be well-suited to compete for this contract. Dr Joern Rickert Consulting was the successful supplier, receiving the contract worth £30,000. The consultancy aims to regulate brainwaves through closed-loop neurostimulation techniques, offering therapeutic benefits for various conditions. The tender process has successfully resulted in a partnership that can drive innovation and growth in the field of neuroscience.

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Notice Information

Notice Title

(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research

Notice Description

Neuroscience has revealed the importance of brainwaves for healthy and pathological brain function. Manipulating brainwaves can affect mood, memory, attention and sleep, with therapeutic benefits in conditions ranging from ADHD to anxiety to Alzheimer's, but current neuromodulation techniques are limited. Through research led by Newcastle University, we have demonstrated how 'closed-loop' neurostimulation (whereby brain signals control brain stimulation in a real-time feedback loop) can boost or suppress brainwave oscillations at different frequencies). Neudio combines closed-loop algorithms with non-invasive technologies (surface EEG recordings and musical stimulation) to regulate brainwaves. Effectively, our technology establishes a resonance between brain activity and music that enhances or suppresses brainwaves at specific frequencies. The initial brief of the executive will be to: Phase 1 - Write an ambitious business plan in line with ambitions and market opportunities Phase 2 - Obtain IP Spin Out Committee Approval Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company Phase 4 - Prepare investment pitch deck and due diligence documents Phase 5 - Initial negotiations to secure angel, seed or capital funding Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-81d8265e-038e-41df-89b7-f5a4beeb6ff8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb7143a9-d582-49a6-ad49-0e333335ed9d
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
£30,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Mar 20232 years ago
Submission Deadline
9 Jan 2023Expired
Future Notice Date
Not specified
Award Date
3 Feb 20233 years ago
Contract Period
13 Feb 2023 - 31 Mar 2023 1-6 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 8ER
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 JOERN RICKERT CONSULTING

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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