Award

NU/1246-4 INTOGRAL: 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

05 Jan 2018 at 09:03

Summary of the contracting process

The procurement process initiated by Newcastle University is for the project titled "NU/1246-4 INTOGRAL: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation." This contract falls under the services industry, specifically classified as financial consultancy services. The tender, which used an open procurement method, completed its tender period on 28th November 2017, with the contract period starting on 16th December 2017 and ending on 30th November 2018. The awarded contract, amounting to £24,600, was announced on 21st December 2017 and publicly published on 5th January 2018.

This opportunity presents significant growth potential for businesses, particularly those in the financial consultancy and management sectors, as Newcastle University seeks to enhance its commercial capabilities through this contract. Companies with expertise in fundraising, business administration, and commercial strategy execution would be particularly well-suited to compete. Additionally, firms that can provide tailored software solutions or consultancy services aimed at improving image processing for health-related products may find this tender aligns with their service offerings and market interests.

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Notice Title

NU/1246-4 INTOGRAL: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

interest in Intogral into tangible commercial contracts. It's therefore proposed that a commercially focused resource, in the form of a CEO, is utilised to take complete responsibility for all commercial aspects of Intogral. This will allow the founders to focus on solving customer's problems. Examples of specific tasks for the CEO (not in any particular order) are: * Review the existing business ambitions. * Raise investment to overcome immediate cash-flow challenge on the existing Innovate UK Award (PS150k). * Raise investment to fund general business administration, new staff and a move to a suitable incubator. * Liaise with existing customer contacts to prioritise deal flow and convert interest into sales contracts. * Formulate a sustainable Business Plan for expansion to an off-campus facility. * Manage sales contracts and customer contacts. It is anticipated that Intogral will deliver new software solutions and consultancy for clients interested in improving image processing capability for existing products. Health related products are a field of particular interest.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9d19e772-e72d-4260-b746-599cf5f1e6e4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8ac472f0-23ed-43fb-9151-9cc75a9f3f86
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
Not specified
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
£24,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jan 20188 years ago
Submission Deadline
28 Nov 2017Expired
Future Notice Date
Not specified
Award Date
21 Dec 20178 years ago
Contract Period
1 Jan 2018 - 30 Nov 2018 6-12 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
Leigh Anderson
Contact Email
leigh.anderson@ncl.ac.uk
Contact Phone
+44 1912228618

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

WILLIAM SHEPHERD

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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