Award

NU/1246-3 AMLo: 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

19 Sep 2017 at 15:13

Award Notice
Summary of the contracting process

The procurement process is being conducted by Newcastle University for the project titled "NU/1246-3 AMLo: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation." This initiative falls under the industry category of financial consultancy services and is located in the North East of the United Kingdom. The procurement stage has reached the award phase, with the contract awarded on 31 August 2017. The contract period spans from 1 September 2017 to 31 March 2018, with a total contract value of £25,000. The procurement method used is an open procedure.

This tender presents an excellent opportunity for businesses focused on financial consultancy, particularly those that can assist in the creation and management of spin-out companies from academic research. Companies with experience in business planning, legal processes related to company formation, and securing funding could thrive in this procurement environment. As the project aims to propel an academic initiative into a viable company, businesses equipped with expertise in these areas will find significant potential for growth and collaboration.

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Notice Information

Notice Title

NU/1246-3 AMLo: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

The initial brief of the 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) Secure (venture capital and other) funding Stage (d) will produce the funds by which the new start-up company can employ 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-aafa6c82-ba02-4f1c-bb4f-5f214cdc7ee6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eb75f517-b6e4-41ae-a8b6-cac176aafb9b
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
Large

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
19 Sep 20178 years ago
Submission Deadline
25 Aug 2017Expired
Future Notice Date
Not specified
Award Date
30 Aug 20178 years ago
Contract Period
31 Aug 2017 - 31 Mar 2018 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
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

SCICATE

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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