Notice Information
Notice Title
(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research
Notice Description
Neuroscience has revealed the importance of brainwaves for healthy and pathological brain function. Manipulating brainwaves can affect mood, memory, attention and sleep, with therapeutic benefits in conditions ranging from ADHD to anxiety to Alzheimer's, but current neuromodulation techniques are limited. Through research led by Newcastle University, we have demonstrated how 'closed-loop' neurostimulation (whereby brain signals control brain stimulation in a real-time feedback loop) can boost or suppress brainwave oscillations at different frequencies). Neudio combines closed-loop algorithms with non-invasive technologies (surface EEG recordings and musical stimulation) to regulate brainwaves. Effectively, our technology establishes a resonance between brain activity and music that enhances or suppresses brainwaves at specific frequencies. The initial brief of the executive will be to: Phase 1 - Write an ambitious business plan in line with ambitions and market opportunities Phase 2 - Obtain IP Spin Out Committee Approval Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company Phase 4 - Prepare investment pitch deck and due diligence documents Phase 5 - Initial negotiations to secure angel, seed or capital funding Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward.
Lot Information
Lot 1
The initial brief of the executive will be to: Phase 1 - Write an ambitious business plan in line with market potential and opportunities Phase 2 - Obtain IP Spin Out Committee Approval Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company Phase 4 - Prepare investment pitch deck and due diligence documents Phase 5 - Initial negotiations to secure angel, seed or capital 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 3 above
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-03b4a8
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/008134-2023
- 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
- 21 Mar 20233 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 3 Feb 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
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- Newcastle University
- Additional Buyers
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- BATH
- Postcode
- NE1 8ER
- 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.