---
title: "(NU/1433-27) iFAST: The Provision of Business Consultancy to Assist Commercialisation of University Research."
ocid: "ocds-h6vhtk-030cb8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-030cb8"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-030cb8.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-030cb8.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NEWCASTLE UNIVERSITY"
published: "2022-01-19"
---

# (NU/1433-27) iFAST: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Buyer: NEWCASTLE UNIVERSITY  
Current stage: Award  
OCID: ocds-h6vhtk-030cb8

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## Summary

The procurement process identified is managed by Newcastle University, focusing on the provision of business consultancy to assist in the commercialisation of university research. The tender, titled "(NU/1433-27) iFAST," falls under the category of business and management consultancy services and is set within the UK. The procurement method applied is selective, following a restricted procedure, with the status ultimately marked as complete and awarded. The contract was signed on 12 January 2022, with a total value of £30,000.

This tender presents valuable opportunities for consultancies, particularly those specialising in business development and strategy, to engage with universities in fostering innovative research commercialisation initiatives. Businesses that are proficient in creating viable business plans, securing funding, and navigating technical and regulatory frameworks within higher education settings will find this procurement attractive. Given the collaborative nature of the project involving multiple universities and the emphasis on securing venture capital, firms with a proven track record in these areas would be well-suited to compete.

## Notice

The emergence of bacteria that are resistant to antibiotics is a growing public health problem. In 2015, there were nearly 700,0000 antimicrobial resistance (AMR) infections in the EU, accounting for 33,000 deaths and 900,000 disability-adjusted life years (DALYs) . In fact the impact of AMR is similar to the combined burden of influenza, tuberculosis, and HIV, and the global increases in healthcare costs is forecast to range from $300 billion to more than $1 trillion per year by 2050. We have developed a breakthrough technology that delivers an antibiotic resistance test result in 1 hour. The technique rapidly measures phenotypic changes in bacteria after exposure to antibiotics. The objective is for the Executive (CEO Desig) to jointly work in a team with all above named individuals to bring the opportunity towards and ultimately achieve launch of a new spinout company.

### Lot Information

Lot 1

Newcastle, Sunderland, Northumbria, Durham, Teesside universities together with the University of Bath on behalf of the SETsquared Partnership (the Enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey) and any other HE Institution that wishes to join this DPS, as detailed in the Office for Students Register, https://www.officeforstudents.org.uk/advice-and-guidance/the-register/the-ofs-register/ will engage suitably qualified and experienced executives through the DPS as and when required over the DPS period. The specific requirements will be detailed in each individual further competition. The typical brief of an 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) Provide to the appropriate university all matters necessary for Research England and ESIF reporting requirements; (e) Secure (venture capital and/or other) funding in accordance with the business plan. This will be a cyclical process throughout the entire Research England, and potential ESIF project along with any additional funding streams.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/001567-2022 |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Jan 2022 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 12 Jan 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £30,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NEWCASTLE UNIVERSITY |
| Additional buyers | DURHAM UNIVERSITY; EUROPEAN UNION; NORTHUMBRIA UNIVERSITY NEWCASTLE; TEESSIDE UNIVERSITY; UNIVERSITY OF BATH ON BEHALF OF THE SETSQUARED; UNIVERSITY OF SUNDERLAND |
| Locality | NEWCASTLE |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | J & T KING CONSULTING |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 19 Jan 2022 at 10:51 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/001567-2022

## Notice URLs

- https://sunderland.ac.uk/
- https://ted.europa.eu/udl?uri=TED:NOTICE:016574-2019:TEXT:EN:HTML
- https://www.bath.ac.uk/
- https://www.durham.ac.uk
- https://www.ncl.ac.uk
- https://www.northumbria.ac.uk
- https://www.officeforstudents.org.uk/advice-and-guidance/the-register/the-ofs-register/
- https://www.tees.ac.uk/

## Provenance

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