---
title: "UK Value Capture from Innovation"
ocid: "ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DSIT"
published: "2024-10-11"
---

# UK Value Capture from Innovation

Buyer: DSIT  
Current stage: Award  
OCID: ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554

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## Summary

The Department for Science, Innovation and Technology (DSIT) has concluded the procurement process for the project titled "UK Value Capture from Innovation." This procurement, classified under CPV code 73110000 for Research services, focuses on addressing alignment challenges between the UK's research and innovation capabilities and industrial opportunities. The contract, with an amount of £45,000, was awarded to IfM Engage. The procurement method was selective, carried out through a call-off from a framework agreement, and the contract period is from 12th October 2024 to 31st March 2025. The key location for the delivery is London, United Kingdom, and the procurement stage is currently at the Award stage.

This tender presents significant opportunities for businesses specialising in research services to engage with strategic innovation initiatives backed by a government department. The nature of the project aligns well with small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that are capable of providing innovative solutions. Participating in such projects could considerably enhance these businesses' profiles and portfolios, leading to further growth opportunities in similar sectors.

## Notice

Addressing the alignment challenges between UK R&I capabilities and industrial opportunities

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/41b78f0c-9952-462e-bf15-5f75d83b237c |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Oct 2024 |
| Submission deadline | 11 Oct 2024 |
| Future notice date | Not specified |
| Award date | 10 Oct 2024 |
| Contract period | 11 Oct 2024 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £45,000 |
| Lots value | Not specified |
| Awards value | £45,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DSIT |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2EG |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | IFM ENGAGE |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73110000 - Research services

## Release History

- 11 Oct 2024 at 13:41 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/41b78f0c-9952-462e-bf15-5f75d83b237c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/41b78f0c-9952-462e-bf15-5f75d83b237c
  11th October 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-392f63aa-2ed5-470b-8906-7c9159d4a554.json.