Planning

Delivery Partner for GCID Venture Studio - Make Pillar

UNIVERSITY OF STRATHCLYDE

This public procurement record has 1 release in its history.

Summary of the contracting process

The University of Strathclyde in Glasgow is planning a procurement process for a Delivery Partner for the GCID Venture Studio Make Pillar project. This procurement falls under the education industry category with a focus on service provision. The tender is in the planning stage and aims to offer comprehensive support for various stages of product and service design and development within the GCID (Glasgow City Innovation District) Venture Studios. The anticipated contract value is £120,000, and the procurement process includes a market engagement phase, with key dates including market engagement questionnaire submissions due by 31st July and an expected contract award in mid-October 2024. The hands-on innovation development programme will run from December 2024 to February 2025.

This tender presents significant opportunities for businesses specialising in corporate finance, business development, and innovation consultancy. Companies that provide detailed corporate finance advice, including reviewing business plans and guiding revenue growth and valuation efforts, are well-suited for this opportunity. The selected supplier will engage with up to 20 participants who are early-stage growth companies, offering them bespoke advice and support. This engagement can help participating businesses solidify their financial strategies and prepare for potential investment opportunities, fostering growth and expansion within the thriving ecosystem of the Glasgow City Innovation District.

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Notice Title

Delivery Partner for GCID Venture Studio - Make Pillar

Notice Description

As part of the GCID (Glasgow City Innovation District) Venture Studios Make Pillar, we are looking to offer comprehensive support through various stages of product and service design and development. The Make Pillar offers a highly interactive space where diverse projects and businesses collaborate to bring their visions to life. The Supplier will be responsible for delivering a hands-on innovation development programme that will help companies (early stage and established) to design, prototype and prepare a new product or service.

Lot Information

Lot 1

GCID (administered by the University of Strathclyde) has been awarded UK Govt Shared Prosperity Fuding to deliver a Venture Studio - a series of innovation programmes across 4 pillars of activity where multiple projects and businesses collaborate. This tender is regarding the 'Impact Pillar' which offers a highly interactive growth training opportunity for founder/Directors of companies at the early stages of growth, leading to access to funded Corporate Finance support for raising growth funding/investment. The Supplier will be responsible for providing Corporate Finance advice to a number of companies that will be seeking investment following participation in the impact training, specifically reviewing and providing detailed feedback on business plans with a detailed look at financials, revenue growth and valuation of the business. It is anticipated that there will be up to 20 participants receiving this support which must be provided between the start of December 2024 and end of February 2025. Participants will have previously been accepted on to the Venture Studio Impact programme and having attended all 6 training sessions should have a fully prepared business plan available. It is expected that the supplier will meet with each participant a minimum of two times, once for an initial meeting to discuss the business plan and allow a mini 'pitch'. There will then be a follow-up meeting once the plan has been reviewed and feedback and guidance will be given to the participant. Following this, there will be the opportunity for an updated business plan to be given a final review by the supplier. An initial meeting will be held with the supplier to outline possible initial participants, with the likelihood that additional companies will be added within the first month of the activity. It is expected that there will be a minimum of three meetings with each company. Some delivery can take place via on-line meetings but at least one meeting should be in person, at the Strathclyde Inspire Hub. In addition to the one-to-one support, the GCID team would also welcome the provision of some general advice sessions, that would be open to a broader audience. It is intended that the contract will be awarded mid-October 2024. All grant funding must be spent by the end of March. The expected grant budget is estimated at GBP120,000.. There is a Market Engagement Questionnaire posted within the "Additional Documents" section. All interested parties must register their interest no later than Wednesday the 31st July and it would be appreciated if this Market Engagement Questionnaire could also be completed and returned to amy.irvine@strath.ac.uk no later than Wednesday the 31st July.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000773587
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL510693
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
PCS Notice - Website Prior Information Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

80 - Education and training services


CPV Codes

73220000 - Development consultancy services

73300000 - Design and execution of research and development

80521000 - Training programme services

80522000 - Training seminars

80570000 - Personal development training services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20241 years ago
Submission Deadline
Not specified
Future Notice Date
14 Aug 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF STRATHCLYDE
Contact Name
Amy Irvine
Contact Email
amy.irvine@strath.ac.uk
Contact Phone
+44 7811592949

Buyer Location

Locality
GLASGOW
Postcode
G1 1XQ
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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