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(NU/1433-40) Transdermal Drug Delivery: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Newcastle University

This public procurement record has 1 release in its history.

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13 Jan 2023 at 10:29

Award Notice
Summary of the contracting process

The Newcastle University has awarded a contract for the provision of business consultancy services to assist in commercializing university research related to transdermal drug delivery. The procurement stage was a selective procedure with a cancelled status. The contract involves the creation of a 5-year business plan, obtaining university approval, legal processes, partnership with a medical device manufacturer, and engaging with investors. The contract was signed on December 19, 2022, with a value of £30,000.

This tender by Newcastle University presents business growth opportunities for consultancy firms specializing in business and management services, medical device manufacturers, legal services, and investors. The contract offers the chance to work closely with the university in commercializing innovative research, securing long-term partnerships, and accessing funding opportunities. Businesses with expertise in developing business plans, legal processes for spin-outs, and securing investments would find this tender well-suited for expanding their operations.

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Notice Information

Notice Title

(NU/1433-40) Transdermal Drug Delivery: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

The Northumbria University team have developed a new technology to move drugs into the body from a layer in a patch stuck to the skin. This is an alternative to using needles. Current drug delivery patches don't work for a large proportion of drugs because of their chemistry characteristics mean they don't absorb through skin well. This technology can move 'difficult' molecules through the skin. 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) Secure a Medical Device Manufacturer partnership (4) Engage with investors in securing funding

Lot Information

Lot 1

The Northumbria University team have developed a new technology to move drugs into the body from a layer in a patch stuck to the skin. This is an alternative to using needles. Current drug delivery patches don't work for a large proportion of drugs because of their chemistry characteristics mean they don't absorb through skin well. This technology can move 'difficult' molecules through the skin. 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) Secure a Medical Device Manufacturer partnership (4) Engage with investors in securing funding

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039727
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001055-2023
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
13 Jan 20233 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 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
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
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

Dr Peter Arnold

Further Information

Open Contracting Data Standard (OCDS)

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