Award

(NU/1433- 41) IngeniumAI: The Provision of Business Consultancy to Assist Commercialisation of University Research.

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

20 Jan 2023 at 13:27

Summary of the contracting process

Newcastle University has awarded a contract for the provision of business consultancy services to assist in commercializing university research. The tender, with the title "(NU/1433- 41) IngeniumAI: The Provision of Business Consultancy to Assist Commercialisation of University Research," was for services in the business and management consultancy and related services category. The procurement stage was selective, using a restricted procedure. The award date was January 4, 2023, with Giles Wilson as the active supplier for the contract.

This tender by Newcastle University presents an opportunity for businesses involved in business consultancy and research commercialisation to engage in supporting early disease diagnosis initiatives. Companies with expertise in producing business plans, obtaining approvals, and engaging with funding entities would be suitable to compete in this tender. The contract aims to accelerate disease diagnosis processes, thereby reducing healthcare costs and mortality rates associated with delays in treatment by providing early disease screening solutions through software development.

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Notice Title

(NU/1433- 41) IngeniumAI: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Notice Description

At IngeniumAI we aim to address the unnecessary delays in disease diagnosis. Currently the diagnosis of many diseases takes far too long. For example, to receive a diagnosis the average pulmonary hypertension (PH) patient has 5.3 GP visits and 3 referrals, taking on average 2 years, 2 months. By this point treatment options are severely limited. If left untreated the average time to mortality is only 2 years, 6 months. Delays in diagnosis of PH are estimated to cost more than PS27,000 per patient in additional healthcare resources and more than PS100,000 in wider economic costs. The total UK cost is more than PS250m per year, most of which could be eliminated with early screening. Globally these delays cause approximately 300,000 unnecessary deaths per year. We are responding to the opportunity by developing software to automatically analyse routine CT scans to enable early screening for diseases.

Lot Information

Lot 1

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

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03994c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001846-2023
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
20 Jan 20233 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 Jan 20233 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

Contact Name
Mrs Natalie Morton
Contact Email
chelsea.brain@northumbria.ac.uk, cheryl.holmstrom@sunderland.ac.uk, david.pratt@tees.ac.uk, edwin.e.milligan@durham.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
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

GILES WILSON

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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