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NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research

Newcastle University

This public procurement record has 1 release in its history.

TenderUpdate

07 Oct 2021 at 11:48

Tender Notice
Summary of the contracting process

The Newcastle University, acting on behalf of a consortium including Sunderland, Northumbria, Durham, and Teeside universities, as well as the University of Bath under the SETsquared Partnership, is currently in the planning stage for the tender titled "NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research." This procurement falls under the category of business and management consultancy services, with an estimated total value of £3,500,000. The deadline for submissions has not been specified, but the process will engage qualified executives through a Dynamic Purchasing System (DPS) as required over the period of the contract.

This opportunity presents a significant potential for growth, particularly for consulting firms and experienced business executives with expertise in commercialisation and venture funding. Organisations that specialise in developing business plans, securing investments, and navigating the complexities of university spin-offs would be particularly well-suited to compete. By participating in this tender, businesses can play a crucial role in shaping successful university-backed companies, thus enhancing their portfolio and contributing to innovative research commercialisation efforts.

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Notice Information

Notice Title

NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research

Notice Description

Newcastle, Sunderland, Northumbria, Durham, Teeside universities together with the University of Bath on behalf of the SETsquared Partnership (the Enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey) and any other HE Institution that wishes to join this DPS, as detailed in the Office for Students Register, https://www.officeforstudents.org.uk/advice-and-guidance/the-register/the-ofs-register/ will engage suitably qualified and experienced executives through the DPS as and when required over the DPS period. The specific requirements will be detailed in each individual further competition. The typical brief of an executive will be to: (a) Produce a viable business plan; (b) Obtain university approval for the venture; (c) Act for the company in the spin-out legal process and address all company formation matters; (d) Provide to the appropriate university all matters necessary for Research England and ESIF reporting requirements; (e) Secure (venture capital and/or other) funding in accordance with the business plan. This will be a cyclical process throughout the entire Research England, and potential ESIF project along with any additional funding streams.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e928
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025018-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

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

Notice Dates

Publication Date
7 Oct 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Not Specified
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
Postcode Area
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
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Further Information

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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