---
title: "NU/1246-7 MAGNITUDE BIOSCIENCES Commercialisation of university research through provision of management skills to assist in successful spin-out company creation"
ocid: "ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEWCASTLE UNIVERSITY"
published: "2018-02-13"
---

# NU/1246-7 MAGNITUDE BIOSCIENCES Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Buyer: NEWCASTLE UNIVERSITY  
Current stage: Award  
OCID: ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131.json)

## Summary

The procurement process involves Newcastle University, which is seeking a provider for the "NU/1246-7 MAGNITUDE BIOSCIENCES Commercialisation of university research through provision of management skills to assist in successful spin-out company creation" project. This contract falls under the financial consultancy services category and is located in the North East region of England. The tender was completed on 31st January 2018, and the contract period is set from 1st February 2018 to 31st December 2018. The procurement was initiated via a tender process, with an allocated budget of £18,750.

This opportunity is particularly well-suited for SMEs specialising in consultancy, business management, or financial services, who can effectively contribute to the establishment and growth of a spin-out company in the biosciences sector. With the increasing interest in ageing research and the potential for significant investments, businesses that can demonstrate expertise in managing start-ups and securing funding will find this tender a valuable platform for growth. Companies capable of assisting Newcastle University in developing a sustainable business model and managing initial sales contracts will be especially competitive in this process.

## Notice

Magnitude Biosciences intends to be a significant player in the current world-wide endeavor to understand aging and assist companies and academic researchers create new drugs and food additives that promote healthspan (healthspan is the active period of a lifetime). This research field is receiving very significant attention from the investor community. Ageing Research, however, faces a significant practical challenge because to properly assess the impact of a compound on aging and healthspan, very large test populations are required to capture the inherent variability of aging in that population. An initial investment will enable Magnitude Biosciences to engage with the market to secure a first sale. This achievement would provide the case for a more substantial investment to scale up to a sustainable business. A CEO is therefore required to win the first investment, ensure that all commercial aspects of the business model and company structure are dealt with, and a second round of expansion funding is secured. Examples of specific tasks for the CEO (not in any particular order) are: * Review the existing business ambitions. * Raise investment to fund general business administration, new staff and secure a first sale * Formulate a sustainable Business Plan for expansion to an off-campus facility. * Manage sales contracts and customer contacts

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b46fe5c7-e12c-4408-88b1-d3c07521f366 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Feb 2018 |
| Submission deadline | 15 Jan 2018 |
| Future notice date | Not specified |
| Award date | 31 Jan 2018 |
| Contract period | 1 Feb 2018 - 31 Dec 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £18,750 |
| Lots value | Not specified |
| Awards value | £18,750 |
| 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 | NEWCASTLE UNIVERSITY |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 7RU |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Monument |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | DURHAM ENTERPRISE ASSOCIATES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 13 Feb 2018 at 10:07 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b46fe5c7-e12c-4408-88b1-d3c07521f366

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b46fe5c7-e12c-4408-88b1-d3c07521f366
  13th February 2018 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.ncl.ac.uk

## 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-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-40a24fb0-386a-41fd-9566-7e4930b97131.json.