Award

(NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

25 Nov 2022 at 10:45

Award Notice
Summary of the contracting process

Newcastle University has awarded a contract for the provision of business consultancy services related to linguistics, anthropology, and cognitive sciences. The contract value is £30,000 GBP, with the procurement stage being a selective process following a restricted procedure. The contract period is from 14th November 2022 to 14th May 2023, based in England, United Kingdom under the main procurement category of business and management consultancy services.

This tender presents an opportunity for business growth, particularly for small and medium enterprises (SMEs) with expertise in commercialisation, linguistics, and technology development. Businesses interested in innovative search engine technologies and business plan development can compete for this contract, facilitated by Newcastle University and targeting advancements in data search functionalities.

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Notice Information

Notice Title

(NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research

Notice Description

As a professional philologist whose research rests at the intersection of linguistics, anthropology, and the cognitive sciences, Dr William Short (PhD, University of California, Berkeley) has pioneered the development of an approach to the description of the conceptual systems of historical societies through the close analysis of language and text. As part of this research, Dr Short developed an innovative search engine technology that enables the identification of relations between concepts within large text corpora, independent of how those concepts happen to be expressed lexically. Seeing this tool's potential to make searching textual data of all kinds more efficient, more productive, and more rewarding, Dr Short has launched Senseful AI to commercialise the technology for data providers hoping to offer advanced, sophisticated search functionalities to their users. We are looking for an Executive with the initial brief of the executive will be to: Phase 1 Opportunity validation and business plan creation Review existing business ambitions and options for optimal route to market and generate a viable business plan with realistic funding requirements built on sound market research Phase 2 Spinout approval Work with University of Exeter's technology transfer office and founder academics to develop business case to obtain approval and sign-off for the spin-out company creation Phase 3 Complete necessary stages for being "ready to spin" including company formation relevant legal agreements. Phase 4 Securing seed investment into the company Achieve investor engagement, commitment and completing a Term Sheet and investment completion, to cover funding required by the business to deliver against the business plan.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bd667d06-5cea-4823-83e7-63d7415d6cf0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2433a9b5-8940-4d97-9154-4ce9fedc09ef
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
25 Nov 20223 years ago
Submission Deadline
28 Oct 2022Expired
Future Notice Date
Not specified
Award Date
1 Nov 20223 years ago
Contract Period
14 Nov 2022 - 14 May 2023 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
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), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (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

ADELPHI DIGITAL CONSULTING GROUP

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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