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(NU/1433-16) NunaBio: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Business and management consultancy and related services
North East (UKC)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Newcastle University: "(NU/1433-16) NunaBio: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityNewcastle UniversityScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Newcastle University
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Newcastle University. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
2.4Bids / Report
38.8% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 104 active published awards; 98 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityNewcastle University
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSDynamic market
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published5 Jan 2021, 08:52 GMT
Last source update5 Jan 2021, 08:52 GMT
Recurring procurementNot published
ClassificationBusiness and management consultancy and related services
Delivery area
North East (UKC)
OCIDocds-h6vhtk-028796
What is being bought
NunaBio Ltd has developed an enhanced DNA sensing platform technology and associated IP that will find application in many market sectors that require increased confidence in the sensitive detection of target DNA sequences. Consumers of diagnostic devices require their device to be sensitive and accurate. While 100% accuracy is possible, existing approaches require highly trained staff, expensive labs and significant lead time to results. These drawbacks are key drivers for the development of point-of-use devices which aim to support better decision making, reduce cost (social and economic) and time to action. The utility of such devices and therefore consumer confidence in the results they produce is highly dependent on their accuracy. Exemplified by the current COVID-19 pandemic, there is an urgent unmet need for advanced confidence. We are looking for an executive and the initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; (3) a. Act for the company in the spin-out legal process and address all company formation matters; b. Obtain founder academics’ and Newcastle University (including the Head of Company Creation) approval for appointment as CEO. c. Provide to the appropriate university all matters necessary for ERDF reporting requirements; (4) Secure (venture capital and other) funding
What changed
From the official release history
  1. Status changed to complete
    5 Jan 2021, 08:52 GMT
  2. Official notice release published
    5 Jan 2021, 08:52 GMT
  3. Buyer information updated
    5 Jan 2021, 08:52 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Newcastle, Durham, Sunderland and Northumbria universities, in common with universities throughout the UK, have advanced relevant systems and procedures and also dedicate significant public resource to both research and commercialisation of that research. A key route to commercialisation is the creation of a new business (a spin-out company) wherein the intellectual property (IPR) developed exclusively licenced to a university start-up company in exchange for (founders) shares in that company. The universities ill 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 further competition. The initial brief of the executive for which he/she will be paid, dependent upon the scope of the specific project engagement sought, either a payment or a combination of a payment and a share/stock option will typically 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 the company formation matters; (d) provide to the appropriate university all matters necessary for ESIF and Research England reporting requirements; (e) secure (venture capital and/or other) funding in accordance with the business plan.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    5 Jan 2021, 08:52 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 18 Dec 2020, 00:00 GMT · £26,000
Commercial outcome and competition
Awards
The Attic Consultancy Limited
Not published · Not published · active
Contracts
Contract
£26,000 · signed 18 Dec 2020, 00:00 GMT · active
Bid statistics
bids: 2 (lot 1)
electronicBids: 2 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 0 (lot 1)
smeBids: 2 (lot 1)
Buyer and organisations in this procedure

Newcastle University

Contracting authority GB-FTS-168
View buyer profile

  • Durham University
    buyer

    The Palatine Centre, Stockton Road, UKC
    Edwin.e.milligan@durham.ac.uk

  • Newcastle University
    buyer
    centralPurchasingBody

    Newcastle University, Procurement Services, Kingsgate, Newcastle, UKC, NE1 7RU
    natalie.morton@ncl.ac.uk
    +44 1912086396

  • Northumbria University Newcastle
    buyer

    Newcastle, UKC
    Hugh.Rhodes@northumbria.ac.uk

  • University of Sunderland
    buyer

    Sunderland, UKC
    Cheryl.Holmstrom@sunderland.ac.uk

  • European Union
    funder

  • Newcastle University
    mediationBody
    reviewBody
    reviewContactPoint

    Tyne and Wear, NE1 7RU

  • The Attic Consultancy Limited
    supplier

    Northumberland, UKC
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleNot published