--- title: "NU/1246 - 8 (2) AELIUS BIOTECH Commercialisation of university research through provision of management skills to assist in successful spin-out company creation" ocid: "ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92.json" source: "Contracts Finder" current_stage: "Award" buyer: "NEWCASTLE UNIVERSITY" published: "2018-04-20" --- # NU/1246 - 8 (2) AELIUS BIOTECH 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-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92.json) ## Summary The procurement process titled "NU/1246 - 8 (2) AELIUS BIOTECH Commercialisation of university research through provision of management skills to assist in successful spin-out company creation" is being conducted by Newcastle University, located in Newcastle upon Tyne, England. This tender falls under the category of financial consultancy services and has been completed with an award value of £28,800. The procurement method used was an open procedure, and the initial tender period closed on 29 March 2018. The contract, commencing on 1 May 2018, is set to conclude on 31 October 2018. This tender provides a valuable opportunity for small and medium-sized enterprises (SMEs) in the consultancy sector, particularly those experienced in business planning and contract research. Companies that specialise in supporting the commercialisation of academic research or have expertise in developing business strategies for start-ups in the pharmaceutical or functional food markets would be particularly well-suited to engage in similar tenders. This initiative by Newcastle University aims to foster entrepreneurship in cutting-edge research applications, potentially leading to significant growth opportunities for involved businesses. ## Notice Professor Jeff Pearson and Dr Peter Chater, of Newcastle University, have developed an innovative in vitro model gut system which is currently offered as a research service through the university. The system is the first of its kind capable of integrating a cell culture system with a physiologically accurate mucus layer and whole digestive secretions including bile and digestive enzymes, and has been described as the 'holy grail' of research into oral pharmaceuticals. This system has been used in numerous academic and commercial projects, correctly predicting the outcome of a human ileostomy study and providing contract research services to customers such as Oxford Pharmascience, Suntory Lucozade Ribena, Croda and Capsugel. The proposal is to set up a company 'Aelius Biotech' as a contract research organisation to scale up the service provision and provide improved in vitro testing to the pharmaceutical and functional food markets. The initial brief of the executive will be to: (a) Produce a viable business plan; (b) Obtain university approval for the venture; (c) Act for the company in the spin-out legal process and address all company formation matters; (d) Negotiate and deliver a funding package, in accordance with the business plan, to finance the growth of the business. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5acca68a-4502-497c-96ce-04cc27239064 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | SME | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 20 Apr 2018 | | Submission deadline | 29 Mar 2018 | | Future notice date | Not specified | | Award date | 17 Apr 2018 | | Contract period | 30 Apr 2018 - 31 Oct 2018 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £28,800 | | Lots value | Not specified | | Awards value | £28,800 | | 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 | TECHNOSTICS | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66171000 - Financial consultancy services ## Release History - 20 Apr 2018 at 08:15 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5acca68a-4502-497c-96ce-04cc27239064 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/5acca68a-4502-497c-96ce-04cc27239064 20th April 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-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-42250c17-0182-4fc5-8dc7-950197353d92.json.