---
title: "(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research"
ocid: "ocds-h6vhtk-03b4a8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03b4a8"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03b4a8.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03b4a8.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NEWCASTLE UNIVERSITY"
published: "2023-03-21"
---

# (NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research

Buyer: NEWCASTLE UNIVERSITY  
Current stage: Award  
OCID: ocds-h6vhtk-03b4a8

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## Summary

Newcastle University has awarded a tender for the provision of business consultancy services to Dr Joern Rickert Consulting. The project, titled "(NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisation of University Research," falls under the business and management consultancy and related services category. The tender process was conducted through a selective procurement method with a procurement stage of cancellation. The contract, valued at GBP 30,000, was signed on 3rd February 2023, and the procurement involved two bids from SMEs.

This tender offers an opportunity for businesses involved in business and management consultancy services to compete for a contract aimed at assisting in the commercialisation of cutting-edge university research developed by Newcastle University. The requirement involves strategic planning, legal processes, investment preparation, and negotiation activities. Businesses with expertise in these areas and a track record in supporting innovative projects are well-suited to engage in this tender to contribute to the development of groundbreaking technologies and services.

## Notice

Neuroscience has revealed the importance of brainwaves for healthy and pathological brain function. Manipulating brainwaves can affect mood, memory, attention and sleep, with therapeutic benefits in conditions ranging from ADHD to anxiety to Alzheimer's, but current neuromodulation techniques are limited. Through research led by Newcastle University, we have demonstrated how 'closed-loop' neurostimulation (whereby brain signals control brain stimulation in a real-time feedback loop) can boost or suppress brainwave oscillations at different frequencies). Neudio combines closed-loop algorithms with non-invasive technologies (surface EEG recordings and musical stimulation) to regulate brainwaves. Effectively, our technology establishes a resonance between brain activity and music that enhances or suppresses brainwaves at specific frequencies. The initial brief of the executive will be to: Phase 1 - Write an ambitious business plan in line with ambitions and market opportunities Phase 2 - Obtain IP Spin Out Committee Approval Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company Phase 4 - Prepare investment pitch deck and due diligence documents Phase 5 - Initial negotiations to secure angel, seed or capital funding Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward.

### Lot Information

Lot 1

The initial brief of the executive will be to: Phase 1 - Write an ambitious business plan in line with market potential and opportunities Phase 2 - Obtain IP Spin Out Committee Approval Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company Phase 4 - Prepare investment pitch deck and due diligence documents Phase 5 - Initial negotiations to secure angel, seed or capital funding Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period. However, such appointment will be at the discretion of the board and appropriate university and will be subject to confirmation, typically at Stage 3 above

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/008134-2023 |
| 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 | 21 Mar 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 3 Feb 2023 |
| 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; TEESSIDE UNIVERSITY; UNIVERSITY OF BATH ON BEHALF OF THE SETSQUARED; UNIVERSITY OF SUNDERLAND |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 8ER |
| 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 | DR JOERN RICKERT 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

- 21 Mar 2023 at 11:41 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/008134-2023

## Notice URLs

- https://northumbria.ac.uk/
- https://sunderland.ac.uk/
- https://ted.europa.eu/udl?uri=TED:NOTICE:528050-2022:TEXT:EN:HTML
- https://www.bath.ac.uk/
- https://www.durham.ac.uk/
- https://www.ncl.ac.uk
- https://www.tees.ac.uk/

## Provenance

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