--- title: "Science & Technology Venture Capital Fellowship" ocid: "ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DSIT" published: "2024-03-27" --- # Science & Technology Venture Capital Fellowship Buyer: DSIT Current stage: Tender OCID: ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471.json) ## Summary The Department for Science and Innovation and Technology (DSIT) is looking to partner with an implementing organisation for the "Science & Technology Venture Capital Fellowship" programme. The aim is to enhance investor capability in identifying and supporting scaling firms in science and technology sectors, particularly deep tech and life sciences. The pilot programme will run for 12 months with a possible extension, supporting a cohort of 20-30 professional investors. The total contract value is £1,500,000. The tender is in the open procedure stage, with a closing date for tender submissions on April 29, 2024. The contract period is expected to start on May 27, 2024, and end on May 27, 2025. This tender offers growth opportunities for UK-based venture capital firms, entrepreneurs, and professionals with expertise in deep tech and life sciences sectors. Businesses interested in investing in science and technology ventures, including those from other asset classes, are encouraged to participate. The tender prioritizes SMEs, making it accessible to a wide range of businesses. With the UK government's focus on developing talent in the financing ecosystem, this initiative aims to create a network of high-performing investors and fund managers, ultimately contributing to the commercialization of the UK's science and technology sectors. ## Notice DSIT is seeking to procure 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. Enhancing investor capability to identify opportunities and deploy capital into scaling firms with a focus on science and technology, is critical to reaching the UK's ambitions. In particular, research-intensive sectors such as deep-tech and life sciences require talented investors with deep domain expertise and a specialised understanding of the characteristics associated with these sectors such as longer investment horizons and scaling needs. While the UK already has an impressive set of venture capital (VC) firms that specialise in these sectors, capacity and skills gaps have been reported, and these are likely to be exacerbated by greater demand put on the system by capital due to be unlocked from institutional investors as part of the Mansion House reforms (see below). Moreover, both the Life Sciences Scale-up Taskforce and the Council for Science and Technology (CST) have identified a lack of S&T specialist investors in the UK. The development of new funds which may help to reduce funding gaps are also reliant on the development of talent in the UK financing ecosystem. To address this gap, at the autumn statement it was announced that the government will establish a S&T VC Fellowship programme. This Fellowship will support the investor base to better access, engage with and ultimately invest in the UK S&T ecosystem, supporting a growing network of high performing investors and funds across UK S&T VC and ultimately creating a pipeline of future S&T fund managers ready to commercialise the UK's science and tech base. 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. Full information and how to apply for this tender can be found here under 'live opportunities': https://beisgroup.ukp.app.jaggaer.com ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/65558a62-0d08-4cd5-a6a7-1a5750d5c3e1 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 27 Mar 2024 | | Submission deadline | 29 Apr 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 26 May 2024 - 27 May 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,500,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DSIT | | Locality | LONDON | | Post town | South West London | | Postcode | SW1H 0NB | | 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 | Not specified | ## CPV Codes ### Divisions - 80 - Education and training services ### Codes - 80000000 - Education and training services ## Release History - 27 Mar 2024 at 16:33 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/65558a62-0d08-4cd5-a6a7-1a5750d5c3e1 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/65558a62-0d08-4cd5-a6a7-1a5750d5c3e1 27th March 2024 - Opportunity notice on Contracts Finder ## Notice URLs - https://beisgroup.ukp.app.jaggaer.com ## 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-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7c12b905-4b45-4bd4-9032-eba824e5f471.json.