Tender

Establishing the Betaden Commercial Model and Proposition to Raise Private Sector Funding and Investment

WORCESTERSHIRE COUNTY COUNCIL

This public procurement record has 5 releases in its history.

TenderAmendment

03 Dec 2020 at 08:51

TenderAmendment

03 Dec 2020 at 08:50

TenderAmendment

02 Dec 2020 at 13:20

TenderAmendment

02 Dec 2020 at 13:20

Tender

02 Dec 2020 at 13:20

Summary of the contracting process

The current tender, titled "Establishing the Betaden Commercial Model and Proposition to Raise Private Sector Funding and Investment," is being issued by Worcestershire County Council. This procurement falls under the financial and insurance services industry category, located in Worcester, United Kingdom. The tendering process is at the active stage and will close on 8th January 2021, with the contract period anticipated to start on 25th January 2021 and extend until 31st December 2022. This open procedure aims to transition to a dual public/private funded model by 2025.

This opportunity presents a unique avenue for businesses keen to engage in technology consultancy and support services, especially those specialising in financial planning, investment advisory, and related business services. Companies with expertise in Industry 4.0, IoT, and Cyber Security would find this tender particularly beneficial as it aligns with Worcestershire's ambition to enhance its technology ecosystem. Small and medium-sized enterprises (SMEs) are encouraged to participate, given their suitability for this procurement, allowing them to potentially form strategic partnerships and secure significant funding to bolster their growth.

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Notice Title

Establishing the Betaden Commercial Model and Proposition to Raise Private Sector Funding and Investment

Notice Description

BetaDen is Worcestershire's only dedicated technology accelerator. Supported by Worcestershire Local Enterprise Partnership (WLEP) and launched in September 2018, it has delivered two pilot cohorts of 6-8 technology-based entrepreneurs with the final pilot, Cohort 3.0, scheduled to complete at the end of February 2021. To date, the Betaden offer to cohorts has been a nine-month programme, valued up to c.PS50k, providing specialist mentoring, business coaching, funding and premises, located at Malvern Hills Science Park (MHSP). The Betaden offices are co-located with Worcestershire's 5G Testbed consortium project. This dovetails strategically with the key technological areas upon which Worcestershire's economic growth will increasingly depend; namely Industry 4.0; Edge computing; Internet of Things (IoT); and Cyber Security. Betaden's ambition is to be the catalyst for an expanding Worcestershire technology and innovation ecosystem, leveraging its growing reputation to raise private finance; attract valuable industry partnerships; licence its brand; and expand its physical presence to new locations, both within Worcestershire and beyond. The key business plan objective is to become a 50/50 public/private funded entity by 2025, through a transition process away from reliance on public funding towards commercial partnerships, private investment, and grant funding on a national basis. If you wish to view the documents for this opportunity please click 'Express Interest'. Following this, if you wish to apply for this opportunity please click 'Opt in' which will then enable you to view and complete the Standard Questionnaire and upload the relevant documents. After uploading all required documents and completing the questionnaire(s) please remember to press the 'Submit your Return' button at the bottom of the page. Suppliers will receive a system generated email to confirm successful submission of their return. Any questions or clarification should be conducted via 'Correspondence' through this portal. Additional information: Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c62cdefe-c8b2-4ff6-95b4-414a5e01d1ef
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/83ccc9c4-a728-4542-9f4d-4e64396dbed0
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Dec 20205 years ago
Submission Deadline
8 Jan 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
25 Jan 2021 - 31 Dec 2022 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
WORCESTERSHIRE COUNTY COUNCIL
Contact Name
Sarah Allonby
Contact Email
sallonby@worcestershire.gov.uk
Contact Phone
01905 843619

Buyer Location

Locality
WORCESTERSHIRE
Postcode
WR5 2NP
Post Town
Worcester
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG12 Worcestershire CC
Delivery Location
Not specified

Local Authority
Worcester
Electoral Ward
Nunnery
Westminster Constituency
Worcester

Further Information

Notice Documents

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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