Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

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 16:02

Tender Notice
Summary of the contracting process

Newcastle University is currently engaged in the procurement process titled "NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research," focusing on business and management consultancy services. This contract, which has an estimated value of £3,500,000, affects universities in Newcastle, Sunderland, Northumbria, Durham, and Teesside, as well as the University of Bath under the SETsquared Partnership. The procurement is in the planning stage, with services to be procured through a Dynamic Purchasing System (DPS). Further competitions will be organised throughout the DPS period, requiring interested parties to produce detailed business plans and secure funding for new business ventures tied to university research.

This tender presents significant opportunities for consultancy and business development firms, particularly those with expertise in aiding university spin-outs and commercialisation of academic research. Businesses that possess experience in creating viable business plans, securing venture capital and understanding higher education's operational landscape will find this tender especially relevant. As the role involves working closely with universities to navigate the complexities of commercialising research, companies capable of providing high-quality executive leadership and strategic guidance are well-suited to compete for this contract.

How relevant is this notice?

Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02eb0d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025504-2021
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

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)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...