Notice Information
Notice Title
Science & Technology Venture Capital Fellowship
Notice Description
DSIT has procured an implementing partner to design and deliver a "Science and Technology (S&T) Venture Capital Fellowship", a 12-month pilot programme with the possibility to extend for a further year.
Lot Information
Lot 1
A pilot Venture Capital Fellowship, focused on boosting the capabilities and capacity of UK-based mid-career VC investors, giving them the tools and creating the network to increase the allocation of capital into UK science and technology, with an initial focus on R&D intensive industries. As a pilot programme, the Fellowship should support a one-year cohort of 20-30 professional investors, drawn from high potential mid-level professional talent from UK-based VC firms (experienced Associate/Manager/Principal level) and high calibre entrepreneurs transitioning into venture capital with a strong interest in investing into Deep Tech and/or Life Sciences. In line with the Mansion House Reforms, we propose to include participants from other asset classes seeking to invest into unlisted equities.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-044dcc
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/026648-2024
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
80 - Education and training services
-
- CPV Codes
80000000 - Education and training services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £1,391,760 £1M-£10M
Notice Dates
- Publication Date
- 21 Aug 20241 years ago
- Submission Deadline
- 29 Apr 2024Expired
- Future Notice Date
- Not specified
- Award Date
- 23 May 20241 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
- DESNZ & DSIT GROUP COMMERCIAL
- Additional Buyers
- Contact Name
- Not specified
- Contact Email
- jack.millward@beis.gov.uk, jack.millward@dsit.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- N/A
- Post Town
- Not specified
- Country
- Not specified
-
- Major Region (ITL 1)
- Not specified
- Basic Region (ITL 2)
- Not specified
- Small Region (ITL 3)
- Not specified
- Delivery Location
- Not specified
-
- Local Authority
- Not specified
- Electoral Ward
- Not specified
- Westminster Constituency
- Not specified
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-044dcc-2024-08-21T12:33:18+01:00",
"date": "2024-08-21T12:33:18+01:00",
"ocid": "ocds-h6vhtk-044dcc",
"initiationType": "tender",
"tender": {
"id": "ocds-h6vhtk-044dcc",
"legalBasis": {
"id": "32014L0024",
"scheme": "CELEX"
},
"title": "Science & Technology Venture Capital Fellowship",
"status": "complete",
"classification": {
"scheme": "CPV",
"id": "80000000",
"description": "Education and training services"
},
"mainProcurementCategory": "services",
"description": "DSIT has procured an implementing partner to design and deliver a \"Science and Technology (S&T) Venture Capital Fellowship\", a 12-month pilot programme with the possibility to extend for a further year.",
"lots": [
{
"id": "1",
"description": "A pilot Venture Capital Fellowship, focused on boosting the capabilities and capacity of UK-based mid-career VC investors, giving them the tools and creating the network to increase the allocation of capital into UK science and technology, with an initial focus on R&D intensive industries. As a pilot programme, the Fellowship should support a one-year cohort of 20-30 professional investors, drawn from high potential mid-level professional talent from UK-based VC firms (experienced Associate/Manager/Principal level) and high calibre entrepreneurs transitioning into venture capital with a strong interest in investing into Deep Tech and/or Life Sciences. In line with the Mansion House Reforms, we propose to include participants from other asset classes seeking to invest into unlisted equities.",
"contractPeriod": {
"durationInDays": 360
},
"hasRenewal": false,
"submissionTerms": {
"variantPolicy": "notAllowed"
},
"hasOptions": false,
"status": "cancelled",
"awardCriteria": {
"criteria": [
{
"type": "price"
}
]
}
}
],
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"region": "UK"
},
{
"region": "UK"
}
],
"relatedLot": "1"
}
],
"submissionMethod": [
"electronicSubmission",
"written"
],
"submissionMethodDetails": "https://beisgroup.ukp.app.jaggaer.com",
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure",
"coveredBy": [
"GPA"
],
"tenderPeriod": {
"endDate": "2024-04-29"
},
"submissionTerms": {
"languages": [
"en"
]
},
"awardPeriod": {
"startDate": "2024-04-29T15:00:00+01:00"
},
"bidOpening": {
"date": "2024-04-29T15:00:00+01:00"
},
"hasRecurrence": false
},
"parties": [
{
"id": "GB-FTS-109316",
"name": "Department for Science, Innovation, & Technology",
"identifier": {
"legalName": "Department for Science, Innovation, & Technology"
},
"address": {
"locality": "London",
"region": "UK",
"countryName": "United Kingdom"
},
"contactPoint": {
"email": "Jack.Millward@dsit.gov.uk",
"url": "https://beisgroup.ukp.app.jaggaer.com"
},
"roles": [
"buyer"
],
"details": {
"url": "https://www.gov.uk/government/organisations/department-for-science-innovation-and-technology",
"classifications": [
{
"scheme": "TED_CA_TYPE",
"id": "MINISTRY",
"description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
},
{
"scheme": "COFOG",
"id": "04",
"description": "Economic affairs"
}
]
}
},
{
"id": "GB-FTS-79267",
"name": "DSIT",
"identifier": {
"legalName": "DSIT"
},
"address": {
"locality": "London",
"countryName": "United Kingdom"
},
"roles": [
"reviewBody"
]
},
{
"id": "GB-FTS-114034",
"name": "DESNZ & DSIT Group Commercial",
"identifier": {
"legalName": "DESNZ & DSIT Group Commercial"
},
"address": {
"locality": "London",
"region": "UK",
"countryName": "United Kingdom"
},
"contactPoint": {
"email": "Jack.Millward@beis.gov.uk"
},
"roles": [
"buyer"
],
"details": {
"url": "https://www.gov.uk/government/organisations/department-for-science-innovation-and-technology",
"classifications": [
{
"scheme": "TED_CA_TYPE",
"id": "MINISTRY",
"description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
},
{
"scheme": "COFOG",
"id": "01",
"description": "General public services"
}
]
}
},
{
"id": "GB-FTS-122037",
"name": "Imperial College Projects London",
"identifier": {
"legalName": "Imperial College Projects London"
},
"address": {
"streetAddress": "Level 1 Faculty Building, Exhibition Road",
"locality": "London,",
"region": "UK",
"postalCode": "SW7 2PG",
"countryName": "United Kingdom"
},
"roles": [
"supplier"
],
"details": {
"scale": "large"
}
}
],
"buyer": {
"id": "GB-FTS-114034",
"name": "DESNZ & DSIT Group Commercial"
},
"language": "en",
"awards": [
{
"id": "026648-2024-1",
"relatedLots": [
"1"
],
"status": "active",
"suppliers": [
{
"id": "GB-FTS-122037",
"name": "Imperial College Projects London"
}
]
}
],
"contracts": [
{
"id": "026648-2024-1",
"awardID": "026648-2024-1",
"status": "active",
"value": {
"amount": 1391760,
"currency": "GBP"
},
"dateSigned": "2024-05-24T00:00:00+01:00"
}
],
"bids": {
"statistics": [
{
"id": "1",
"measure": "bids",
"relatedLot": "1",
"value": 11
},
{
"id": "2",
"measure": "electronicBids",
"relatedLot": "1",
"value": 11
}
]
}
}