Award

(NU/1433-31) Signapse Ltd: The Provision of Business Consultancy to Assist Commercialisation of University Research.

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

22 Jul 2022 at 09:33

Summary of the contracting process

The procurement process titled "(NU/1433-31) Signapse Ltd: The Provision of Business Consultancy to Assist Commercialisation of University Research" is initiated by Newcastle University, located in Newcastle, United Kingdom. This project falls under the business and management consultancy services category and is currently in the award stage, with the contract having been awarded on June 30, 2022. The awarded contract is valued at £30,000 and commenced on July 5, 2022, concluding on October 31, 2022. This selective procurement used a restricted procedure, with the tender period having ended on March 14, 2022.

This tender presents significant opportunities for businesses looking to engage in consultancy services, particularly those experienced in developing strategic plans and commercialisation strategies for research initiatives. Small and medium-sized enterprises (SMEs) specialising in business consultancy and with a strong background in AI, technology, or educational services would be well-suited to compete for similar future contracts. The demand for innovative solutions in assisting universities may result in increased business growth prospects within this sector.

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Notice Title

(NU/1433-31) Signapse Ltd: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

Our vision is to solve the challenge of automatic sign language translation by using Artificial Intelligence (AI). We will do this by creating an AI platform that uses neural networks and deep learning to: Provide anonymization, consistency, and reliability to sign language interpretation * Generate sign language from text/voice. * Detect and understand sign language and translate to text/voice * Develop an interactive and dynamic product Our mission is to open the world for Deaf people, meaning Deaf people can communicate freely and easily with hearing people and provide access to information where none currently exists. This will be far safer, quicker, and cheaper than the current provision, meeting the UK and the EU Governments' Green agenda. The initial brief of the executive will be to: Phase (1) Produce a viable 5-year business plan, finance strategy and pitch pack Phase (2) Act for the company in the spin-out legal process and address all company formation matters Phase (3) Create an investment strategy and bring in the first PS100k. Phase (4) Get 2 use cases up and running, with support from a freelance product manager. These will be either Network Rail, Lloyds bank, Finnish or Swiss broadcast companies or ASDA.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d02dd914-e557-423e-a46a-c06ecaa90226
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c947163b-f505-412e-90eb-ce16b9672ee9
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
22 Jul 20223 years ago
Submission Deadline
14 Mar 2022Expired
Future Notice Date
Not specified
Award Date
29 Jun 20223 years ago
Contract Period
4 Jul 2022 - 31 Oct 2022 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
NEWCASTLE UNIVERSITY
Contact Name
Natalie Morton
Contact Email
natalie.morton@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

MS SALLY CHALK

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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