Tender

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

12 Oct 2021 at 09:42

Summary of the contracting process

The procurement process titled "NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research" is initiated by Newcastle University, which aims to engage qualified executives for business consultancy services across various UK universities, including Sunderland, Northumbria, Durham, and Teesside. The contracting process is currently at the Tender stage, with an estimated value of £3,500,000. This initiative seeks to produce viable business plans and secure funding in alignment with Research England and ESIF project requirements. Key details include the contracting authority's address at Newcastle University, Procurement Services, Kingsgate, Newcastle, NE1 7RU, with the tender announced on 12th October 2021.

This tender presents considerable opportunities for consultancies and businesses specialising in management consultancy, particularly those with experience in higher education and commercialisation of research. Companies capable of providing strategic advice, developing business plans, and navigating the complexities of venture funding will be well-positioned to compete. The cyclic nature of the requested services indicates ongoing demand, making this an attractive prospect for firms aiming to expand their footprint in the academic consultancy sector.

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Notice Title

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

Notice Description

Newcastle, Sunderland, Northumbria, Durham, Teesside 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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02eac9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025436-2021
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
12 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

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE UNIVERSITY
Contact Name
Mrs 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
Not specified

Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

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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