Notice Information
Notice Title
(NU/1433-32) mignon.ai: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation
Notice Description
Newcastle University have developed a novel Artificial Intelligence (AI) microchip architecture which is uniquely underpinned by logic-based AI. The microchip named mignon was fabricated in early 2021 and this work was led by Dr Rishad Shafik and Professor Alex Yakovlev of the Microsystems Group, School of Engineering at Newcastle University. The aim is to create a Fabless IP based spin-out company mignon.ai which will market and sell the design of customised hardware devices and semiconductor electronics systems all based on the mignon microchip. The company mignon.ai will develop and design the microchips and supply codes to clients to enable the synthesising of microchip, where all manufacturing of hardware will be outsourced. The team requires an experienced and appropriate business executive to progress this opportunity. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; (3) 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; (4) Secure (venture capital and other) funding Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period. However, such appointment will be at the discretion of the board and appropriate university and will be subject to confirmation, typically at Stage 4 above.
Lot Information
Lot 1
Newcastle University have developed a novel Artificial Intelligence (AI) microchip architecture which is uniquely underpinned by logic-based AI. The microchip named mignon was fabricated in early 2021 and this work was led by Dr Rishad Shafik and Professor Alex Yakovlev of the Microsystems Group, School of Engineering at Newcastle University. The aim is to create a Fabless IP based spin-out company mignon.ai which will market and sell the design of customised hardware devices and semiconductor electronics systems all based on the mignon microchip. The company mignon.ai will develop and design the microchips and supply codes to clients to enable the synthesising of microchip, where all manufacturing of hardware will be outsourced. The team requires an experienced and appropriate business executive to progress this opportunity. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; (3) 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; (4) Secure (venture capital and other) funding Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period. However, such appointment will be at the discretion of the board and appropriate university and will be subject to confirmation, typically at Stage 4 above.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-034fba
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/018706-2022
- 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
- Large
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
- £29,040 Under £100K
Notice Dates
- Publication Date
- 8 Jul 20224 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 4 Jul 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
Northumbria University Newcastle
- 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
- TLC North East (England)
-
- Local Authority
- Newcastle upon Tyne
- Electoral Ward
- Monument
- Westminster Constituency
- Newcastle upon Tyne Central and West
Further Information
Open Contracting Data Standard (OCDS)
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.