Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

(NU/1433-39) EcoTech Devices: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Newcastle University

This public procurement record has 1 release in its history.

Award

12 Jan 2023 at 09:39

Award Notice
Summary of the contracting process

The procurement process involves the award of a contract by Newcastle University for the provision of business consultancy services to assist in the commercialization of university research. The contract, with ID DN638704, focuses on developing two ecotechnologies, Solar2water and OptimumAirCon, with the aim of creating 'EcoTech Devices Limited,' a spin-out company. The primary tasks include producing a 5-year business plan, securing university approval, finalizing product specs, and seeking funding from investors.

This tender offers business growth opportunities for firms specializing in business and management consultancy services. The procurement stage is showcased as 'Award,' with a focus on quality criteria such as the ability to meet the required program and job description. The procurement method used is 'Selective,' with a restricted procedure. The contract's value is £30,000, and the contract was signed on December 21, 2022. Newcastle University is the contracting authority, located in Newcastle, UK, within the education industry category.

How relevant is this notice?

Notice Information

Notice Title

(NU/1433-39) EcoTech Devices: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

The Northumbria University team have developed two complementary ecotechnologies (namely, Solar2water and OptimumAirCon) though they may be targeting different market applications. Solar2water is an innovative atmospheric water generator (AWG) while OptimumAirCon is an innovative indirect evaporative cooling system (IEC). The aim is to create a spin-out company 'EcoTech Devices Limited' which will market and sell products globally (esp. in hot climatic regions and/or off-grid requirement scenarios) based on the two ecotechnologies. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; a. Act for the company in the spin-out legal process and address all company formation matters; b. Provide to the appropriate university all matters necessary for Research England reporting requirements; (3) Finalise market-ready product spec and validate TAM (Total Addressable Market) (4) Engage with angels/VCs to attempt funding and promote to international partners

Lot Information

Lot 1

The Northumbria University team have developed two complementary ecotechnologies (namely, Solar2water and OptimumAirCon) though they may be targeting different market applications. Solar2water is an innovative atmospheric water generator (AWG) while OptimumAirCon is an innovative indirect evaporative cooling system (IEC). The aim is to create a spin-out company 'EcoTech Devices Limited' which will market and sell products globally (esp. in hot climatic regions and/or off-grid requirement scenarios) based on the two ecotechnologies. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; a. Act for the company in the spin-out legal process and address all company formation matters; b. Provide to the appropriate university all matters necessary for Research England reporting requirements; (3) Finalise market-ready product spec and validate TAM (Total Addressable Market) (4) Engage with angels/VCs to attempt funding and promote to international partners

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0396c6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000906-2023
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
12 Jan 20233 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 Dec 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Newcastle University
Additional Buyers

Durham University

Northumbria University Newcastle 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
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

IP2Impact

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...