Official UK procurement notice
NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research
Authority: Newcastle University (Education)
The specific requirements will be detailed in each individual further competition. The typical brief of an executive will be to:
What is being bought
Published requirement descriptionNewcastle, Sunderland, Northumbria, Durham, Teeside 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, www.officeforstudents.org.uk/advice-and-guidance/… ↗ 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.
CPV: Business and management consultancy and related services
Procedure terms & legal framework
From the official record- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 7 Oct 2021, 11:48 BST
- Last source update
- 7 Oct 2021, 11:48 BST
- Authority reference
DN374603- FTS notice number
2021/S 000-025018- Classification (CPV)
- Delivery area
- Not published
- Official registry OCID
ocds-h6vhtk-02e928Find a Tender
Notice history
1 release on Find a TenderPublished amendments (1 · 0 deadline changes)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | TextII.1.4 | Newcastle, Sunderland, Northumbria and Durham universities 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 … | Newcastle, Sunderland, Northumbria, Durham, Teeside 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-gu… | |
| — | TextEstimated total value · II.1.5 | 2 500 000.00 | 3 500 000.00 | |
| — | TextDescription of the procurement: · II.2.4 | 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 is exc… | Newcastle, Sunderland, Northumbria, Durham, Teeside 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 in common with universities throughout the UK, have… | |
| — | TextEstimated value · II.1.5 | 2 500 000.00 GBP | 3 500 000.00 GBP | |
| — | TextEstimated value · II.2.6 | 2 500 000.00 GBP | 3 500 000.00 GBP |
These changes have been made to reflect the addition of Teeside 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 process, as detailed in the Office for Students Register,https://www.officeforstudents.o…
Contracting authority & participating public bodies
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.