Award

NU1433-14 Plastech Innovation 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

03 Nov 2020 at 11:24

Award Notice
Summary of the contracting process

The Newcastle University is seeking a business consultancy to assist in the commercialisation of Plastech Innovation Ltd's patented technology, which converts waste plastic into plastic aggregates for construction materials. The procurement process, which has reached the Award stage, is associated with the industry category of business and management consultancy services and has a contract value of £28,800. The contract period is set to commence on 1st November 2020 and will conclude on 1st November 2021, following a tender period that closed on 9th October 2020.

This tender presents lucrative opportunities for businesses experienced in start-up development, especially those within the construction and manufacturing sectors. Ideal candidates would include SMEs with expertise in raising finance, developing business plans, and formulating commercial strategies, given the requirement for specialist knowledge in transitioning university spin-outs into the commercial realm. Such experience would enable firms to effectively contribute to the project's goals while fostering growth through collaboration with Newcastle University and Plastech Innovation Ltd.

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Notice Information

Notice Title

NU1433-14 Plastech Innovation Ltd: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

Plastech Innovation, the first student spin-out from Durham University has a patent pending technology to transform waste plastic into plastic aggregates for use in concrete and other construction materials. Its technology is a market-disruptor, enabling construction companies to partially replace sand in traditional building materials, primarily concrete. Our plastic aggregate reduces CO2 emissions from plastic waste incineration, the transportation of heavy natural aggregates and provides a solution to global construction-grade sand and lightweight aggregate shortages. It also provides additional socio-economic and environmental benefits. The Plastech team is made up of three co-founders who have left academia to run the company, Natasha Boulding, CEO, Phil Buckley, COO, and Scott Bush, CTO. They have expertise in STEM and were all PhD researchers at Durham University. Plastech also has 2 non-executive directors, Dr David King, an ex-senior executive in the chemical industry and Professor Lian Hutchings, a professor of polymer chemistry. Durham University are looking for an advisor to work with the Plastech Innovation team to help them to make the transition from early stage University spinout to commercialisation. This will entail tutoring, advising upon key stages of business plan drafting, commercial strategy development, feedback on investment materials (pitch presentations and the like), and suitable financial plans, models and timelines. From that perspective, we will be looking for an individual with experience in start-ups/spin-outs development and to have experience raising finance. Moreover, experience in the construction/manufacturing/concrete industries and scale-up is highly requested.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e2bc66de-ed6a-492b-b230-e51c19891c21
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1aca5808-2568-454b-b42d-c38ff7f17bae
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
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
£28,800 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Nov 20205 years ago
Submission Deadline
9 Oct 2020Expired
Future Notice Date
Not specified
Award Date
21 Oct 20205 years ago
Contract Period
1 Nov 2020 - 1 Nov 2021 1-2 years
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

HOLISTIC CAPITAL

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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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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