Award

(NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

25 Nov 2022 at 11:00

Summary of the contracting process

Newcastle University has completed the tender process for the provision of business consultancy titled "(NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research". The procurement falls under the main procurement category of services and is classified under business and management consultancy and related services. The University is located in Newcastle, UK. The procurement method used was a selective process with the details of a restricted procedure. The contract was awarded to Adelphi Digital Consulting Group Ltd on 1st November 2022 with a contract value of £30,000.

This tender presents an opportunity for businesses in the business consultancy and related services sector to engage with Newcastle University. Companies specialising in business plan creation, spinout approval, company formation, and securing seed investment would be well-suited to compete for this contract. The procurement stages involved opportunity validation, spinout approval, readiness for spin, and securing seed investment. Businesses interested in advanced and sophisticated search functionalities for textual data analysis would find this tender particularly relevant for growth opportunities.

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Notice Title

(NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research

Notice Description

As a professional philologist whose research rests at the intersection of linguistics, anthropology, and the cognitive sciences, Dr William Short (PhD, University of California, Berkeley) has pioneered the development of an approach to the description of the conceptual systems of historical societies through the close analysis of language and text. As part of this research, Dr Short developed an innovative search engine technology that enables the identification of relations between concepts within large text corpora, independent of how those concepts happen to be expressed lexically. Seeing this tool's potential to make searching textual data of all kinds more efficient, more productive, and more rewarding, Dr Short has launched Senseful AI to commercialise the technology for data providers hoping to offer advanced, sophisticated search functionalities to their users. We are looking for an Executive with the initial brief of the executive will be to: Phase 1 Opportunity validation and business plan creation Review existing business ambitions and options for optimal route to market and generate a viable business plan with realistic funding requirements built on sound market research Phase 2 Spinout approval Work with University of Exeter's technology transfer office and founder academics to develop business case to obtain approval and sign-off for the spin-out company creation Phase 3 Complete necessary stages for being "ready to spin" including company formation relevant legal agreements. Phase 4 Securing seed investment into the company Achieve investor engagement, commitment and completing a Term Sheet and investment completion, to cover funding required by the business to deliver against the business plan.

Lot Information

Lot 1

This is a Further competition from DPS framework NU1433 - The Provision of Business Consultancy to Assist Commercialisation of University Research. As a professional philologist whose research rests at the intersection of linguistics, anthropology, and the cognitive sciences, Dr William Short (PhD, University of California, Berkeley) has pioneered the development of an approach to the description of the conceptual systems of historical societies through the close analysis of language and text. As part of this research, Dr Short developed an innovative search engine technology that enables the identification of relations between concepts within large text corpora, independent of how those concepts happen to be expressed lexically. Seeing this tool's potential to make searching textual data of all kinds more efficient, more productive, and more rewarding, Dr Short has launched Senseful AI to commercialise the technology for data providers hoping to offer advanced, sophisticated search functionalities to their users. We are looking for an Executive with the initial brief of the executive will be to: Phase 1 Opportunity validation and business plan creation Review existing business ambitions and options for optimal route to market and generate a viable business plan with realistic funding requirements built on sound market research Phase 2 Spinout approval Work with University of Exeter's technology transfer office and founder academics to develop business case to obtain approval and sign-off for the spin-out company creation Phase 3 Complete necessary stages for being "ready to spin" including company formation relevant legal agreements. Phase 4 Securing seed investment into the company Achieve investor engagement, commitment and completing a Term Sheet and investment completion, to cover funding required by the business to deliver against the business plan.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-038853
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033466-2022
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
25 Nov 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Nov 20223 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

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE UNIVERSITY
Additional Buyers

DURHAM UNIVERSITY

EUROPEAN UNION

NORTHUMBRIA UNIVERSITY NEWCASTLE NEWCASTLE

TEESSIDE UNIVERSITY

UNIVERSITY OF BATH ON BEHALF OF THE SETSQUARED

UNIVERSITY OF SUNDERLAND

UNIVERSITY OF YORK

Contact Name
Mrs Natalie Morton
Contact Email
cheryl.holmstrom@sunderland.ac.uk, david.pratt@tees.ac.uk, edwin.e.milligan@durham.ac.uk, hugh.rhodes@northumbria.ac.uk, james.kitson@york.ac.uk, natalie.morton@ncl.ac.uk, pb487@bath.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
TLC North East (England)

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

Supplier Information

Number of Suppliers
1
Supplier Name

ADELPHI DIGITAL CONSULTING GROUP

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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