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(NU/1433-27) iFAST: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Newcastle University

This public procurement record has 1 release in its history.

Award

19 Jan 2022 at 10:51

Award Notice
Summary of the contracting process

The procurement process identified is managed by Newcastle University, focusing on the provision of business consultancy to assist in the commercialisation of university research. The tender, titled "(NU/1433-27) iFAST," falls under the category of business and management consultancy services and is set within the UK. The procurement method applied is selective, following a restricted procedure, with the status ultimately marked as complete and awarded. The contract was signed on 12 January 2022, with a total value of £30,000.

This tender presents valuable opportunities for consultancies, particularly those specialising in business development and strategy, to engage with universities in fostering innovative research commercialisation initiatives. Businesses that are proficient in creating viable business plans, securing funding, and navigating technical and regulatory frameworks within higher education settings will find this procurement attractive. Given the collaborative nature of the project involving multiple universities and the emphasis on securing venture capital, firms with a proven track record in these areas would be well-suited to compete.

How relevant is this notice?

Notice Information

Notice Title

(NU/1433-27) iFAST: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

The emergence of bacteria that are resistant to antibiotics is a growing public health problem. In 2015, there were nearly 700,0000 antimicrobial resistance (AMR) infections in the EU, accounting for 33,000 deaths and 900,000 disability-adjusted life years (DALYs) . In fact the impact of AMR is similar to the combined burden of influenza, tuberculosis, and HIV, and the global increases in healthcare costs is forecast to range from $300 billion to more than $1 trillion per year by 2050. We have developed a breakthrough technology that delivers an antibiotic resistance test result in 1 hour. The technique rapidly measures phenotypic changes in bacteria after exposure to antibiotics. The objective is for the Executive (CEO Desig) to jointly work in a team with all above named individuals to bring the opportunity towards and ultimately achieve launch of a new spinout company.

Lot Information

Lot 1

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-030cb8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001567-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£30,000 Under £100K

Notice Dates

Publication Date
19 Jan 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Jan 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Newcastle University
Additional Buyers

Durham University

Northumbria University Newcastle

Teesside University

University of Bath on behalf of the SETsquared

University of Sunderland

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CLAVERTON DOWN, BATH
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

Supplier Information

Number of Suppliers
1
Supplier Name

J & T King Consulting Ltd

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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