Award

(NU/1433-42) ReJI: The Provision of Business Consultancy to Assist Commercialisation of University Research

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

20 Jan 2023 at 13:46

Award Notice
Summary of the contracting process

Newcastle University has awarded a contract for the provision of business consultancy services to assist in the commercialisation of university research. The tender title is "(NU/1433-42) ReJI: The Provision of Business Consultancy to Assist Commercialisation of University Research." The procurement falls under the business and management consultancy services category with a value of £30,000 in GBP. The tender was issued through a selective procurement method with a restricted procedure. The tender period ended on 22nd November 2022, and the contract period is from 17th December 2022 to 30th April 2023. The awarded supplier is IVO Associates, and the contract value is £28,900.

This tender by Newcastle University provides an opportunity for businesses specialising in business consultancy services to grow and collaborate with the university. Small and medium-sized enterprises (SMEs) would be well-suited to compete due to the tender's focus on market assessment, business planning, legal processes, and securing funding. The contract period allows for a substantial partnership duration until the end of April 2023, creating a conducive environment for the selected supplier to contribute to the university's commercialisation efforts.

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Notice Information

Notice Title

(NU/1433-42) ReJI: The Provision of Business Consultancy to Assist Commercialisation of University Research

Notice Description

Three-dimensional (3D) bioprinting utilises printing techniques to combine cells, growth media and/or biomaterials to produce 3D bio-tissues, with the aim of imitating natural tissue characteristics. Fields in which 3D bioprinting could be used include tissue engineering, regenerative medicine, drug toxicology screening, clinical transplantation, high-throughput assays, and cancer research. The initial brief of the executive will be to: (1) Phase 1 - Provide a market assessment/evaluation and present a recommendation for launch and go-to-market strategy for company (2) Produce a viable 5 year business plan; (3) Obtain university approval for the venture; (4) a. Act for the company in the spin-out legal process and address all company formation matters; b. Obtain founder academics and Newcastle University (including the Head of Company Creation) approval for appointment as CEO. c. Provide to the appropriate university all matters necessary for Research England reporting requirements; (5) Secure (venture capital and other) funding

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e7a3a34b-277b-4d1e-9068-3ffe382015d4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8f09ab8a-8ee1-461d-a966-12ca532a1495
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
£28,900 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20233 years ago
Submission Deadline
22 Nov 2022Expired
Future Notice Date
Not specified
Award Date
22 Dec 20223 years ago
Contract Period
9 Jan 2023 - 30 Apr 2023 1-6 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
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

IVO ASSOCIATES

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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