Award

GOTT: RFQ for Public Sector Founder Equity and Rewards to Innovators

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

Award

29 Jun 2023 at 15:56

Tender

17 Feb 2023 at 11:15

Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a contract for research services through a tender process initiated by the Government Office for Technology Transfer (GOTT). The title of the tender was "GOTT: RFQ for Public Sector Founder Equity and Rewards to Innovators." The procurement involved a study to understand public sector spinouts/companies in the UK, focusing on equity positions and commercialisation of public sector funded research. The contract value was £96,060 GBP, and the tender period ended on March 17, 2023. The contract period is from June 6, 2023, to October 19, 2023, with delivery addresses across various regions in the UK.

This award presents business growth opportunities for research services providers. Companies specialising in research services, particularly those with experience in analysing spinouts and equity positions, would be well-suited to compete. The tender aimed to explore ways to develop the value of knowledge assets owned by the Crown and support the commercialisation of public sector research. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs) were considered suitable suppliers for this tender, aligning with the Department for Business, Energy & Industrial Strategy's objectives.

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Notice Title

GOTT: RFQ for Public Sector Founder Equity and Rewards to Innovators

Notice Description

Awarded contract for the following former opportunity: Established in 2022, the Government Office for Technology Transfer (GOTT), part of the Department for Science, Innovation and Technology, supports the UK public sector to unlock the potential of its knowledge assets to deliver value to the UK economy and society. Our priorities include providing support through guidance, such as the Rose Book and specialist advisory support. More information on GOTT is available at https://www.gov.uk/government/organisations/government-office-for-technology-transfer. One of the areas that GOTT is looking at is company formation and decision making at the early stage of seeking external sources of finance to develop the social, economic of financial value of knowledge assets owned by the Crown. As such we are keen to build a broader picture of UK public sector approaches to taking equity in spinouts and supporting them to commercialise public sector funded research. The proposed study is designed to address these questions by building out a picture of the number and type of the UK's existing public sector spinouts/companies. The successful supplier will need to initially build an evidence base of existing spinouts across government through a variety of routes, such as internal and external data sources. We will then use this as a data set to understand equity positions taken by public sector organisations under different scenarios in these spinouts/companies, including making relevant comparisons, such as to the UK university tech transfer sector. The study should also look at whether public sector employees (innovators) and founders have been able to take equity or other forms of revenue such as royalties in the spinout and if so, under what terms. For the purposes of this study, the public sector will be defined as central government departments, ALB's and agencies. This definition explicitly does not include the university sector and local government.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c18499b0-0382-42fe-838c-046a6b9983f4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f296215d-5afb-4aaf-a5be-f48a1ab83883
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£96,060 Under £100K
Lots Value
Not specified
Awards Value
£96,060 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jun 20232 years ago
Submission Deadline
17 Mar 2023Expired
Future Notice Date
Not specified
Award Date
5 Jun 20232 years ago
Contract Period
5 Jun 2023 - 19 Oct 2023 1-6 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
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SALFORD
Postcode
M3 5BS
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Salford
Electoral Ward
Blackfriars & Trinity
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

IP PRAGMATICS

Open Contracting Data Standard (OCDS)

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