Award

(NU/1433-39) EcoTech Devices: The Provision of Business Consultancy to Assist Commercialisation of University Research.

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

12 Jan 2023 at 09:07

Award Notice
Summary of the contracting process

The award was granted following a tender initiated by Newcastle University for services related to business and management consultancy. The contract, valued at £30,000 GBP, was awarded to IP2Impact. The procurement method used was a selective procedure with a restricted process. The contract period is set to run from 23rd December 2022 till 31st May 2023. This opportunity is particularly suited for small and medium enterprises (SMEs) looking to engage in consultancy services within the business and management sector in the North East region of the United Kingdom.

Newcastle University is the buying organisation that initiated this procurement process, focusing on the creation of a spin-out company 'EcoTech Devices Limited'. The tender represents the transition to the award stage, signifying the selection of IP2Impact as the successful supplier. Potential bidders interested in providing consultancy services and collaborating with academia for commercialisation ventures targetted at hot climatic regions and off-grid requirements should consider engaging with Newcastle University for opportunities like this.

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Notice Information

Notice Title

(NU/1433-39) EcoTech Devices: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

The Northumbria University team have developed two complementary ecotechnologies (namely, Solar2water and OptimumAirCon) though they may be targeting different market applications. Solar2water is an innovative atmospheric water generator (AWG) while OptimumAirCon is an innovative indirect evaporative cooling system (IEC). The aim is to create a spin-out company 'EcoTech Devices Limited' which will market and sell products globally (esp. in hot climatic regions and/or off-grid requirement scenarios) based on the two ecotechnologies. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; a. Act for the company in the spin-out legal process and address all company formation matters; b. Provide to the appropriate university all matters necessary for Research England reporting requirements; (3) Finalise market-ready product spec and validate TAM (Total Addressable Market) (4) Engage with angels/VCs to attempt funding and promote to international partners

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b16be1e1-b4ef-4a1d-a2ee-684f7ad05e58
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bcbfa472-3654-4110-b001-00eb842aa783
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
12 Jan 20233 years ago
Submission Deadline
7 Nov 2022Expired
Future Notice Date
Not specified
Award Date
21 Dec 20223 years ago
Contract Period
23 Dec 2022 - 31 May 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
Natalie Morton
Contact Email
purchasing@ncl.ac.uk
Contact Phone
+44 1912086396

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

Supplier Information

Number of Suppliers
1
Supplier Name

IP2IMPACT

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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