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plannedFind a Tender · planning

Science & Technology Venture Capital Fellowship

Buyer: Department for Science, Innovation & Technology →

BuyerDepartment for Science, Innovation & Technology
Statusplanned
DeadlineNot published
Value£3,000,000
Published10 Jan 2024

What is being bought

At the Autumn Statement, the Chancellor announced the creation of a Science & Technology Venture Capital Fellowship - 'the Fellowship' to help produce the next generation of world-leading investors in the UK’s renowned venture capital funds to support investment into the UK’s most innovative high-growth companies. The Department for Science Innovation and Technology (DSIT) is now undertaking a market engagement activity to inform the design and delivery this pilot Fellowship. We will be delivering a presentation of the proposed structure for the Fellowship, seeking feedback on the content and delivery approach. Respondents are asked to indicate their level of interest in bidding to deliver the Fellowship.

Delivery location

UK

Categories

Education and training services 80000000Education and training services 80000000

Lot details

Lot 1

The Department for Science, Innovation and Technology (DSIT) will be holding a pre-market engagement event on the 15th of January 2024 at 14:00. In this session we will outline the programme fellowship scheme in more detail, run a quick poll to those in attendance, and host a Q&A session towards the end of the event. Following this pre-market engagement we will ask interested attendees to provide further information in the form of a Request for Information (“RFI”) in order for the Department to shape the programme prior to procurement launch. The event will be hosted via Microsoft teams and the joining details are below: https://teams.microsoft.com/l/meetup-join/19%3ameeting_NjliNTc4NzgtN2JlMy00NzU2LTk5MDMtOWY3ZGRhZmVhMzJh%40thread.v2/0?context=%7b%22Tid%22%3a%22cbac7005-02c1-43eb-b497-e6492d1b2dd8%22%2c%22Oid%22%3a%22fe09f2f9-f07c-455d-9223-a1b38a772f22%22%7d If you are not able to attend this event, but would still like to participate in the RFI exercise, please contact matthew.findlow@dsit.gov.uk or jack.millward@dsit.gov.uk for further details. The Department DSIT will not be accepting any RFI responses beyond the 26th January 2024.

Statusplanned

What is included

ItemCategoryQuantity
1Education and training servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 80. The category anchor is Education and training services (80000000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 806,1381 median · 47.8 average (2,897 of 6,138 with a bid count)3 average (3,143 of 6,138 with named award suppliers)1 comparable price pairs
Same buyer0Not publishedNot publishedNot published
Delivery region: UK2,5581 median · 18.3 average (1,517 of 2,558 with a bid count)1.9 average (1,633 of 2,558 with named award suppliers)Not published
Similar published value (0.5×–2×)35821 median · 16.7 average (3 of 358 with a bid count)12.3 average (3 of 358 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-042c2d
Latest release ID000873-2024
Latest release timestampWed Jan 10 2024 17:12:24 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusplanned
Procurement methodNot published
Procurement method detailsNot published
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender value£3,000,000
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
10 Jan 2024planning000873-2024

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "000873-2024",
  "tag": [
    "planning"
  ],
  "date": "2024-01-10T17:12:24Z",
  "ocid": "ocds-h6vhtk-042c2d",
  "buyer": {
    "id": "GB-FTS-102209",
    "name": "Department for Science, Innovation & Technology"
  },
  "tender": {
    "id": "ocds-h6vhtk-042c2d",
    "lots": [
      {
        "id": "1",
        "status": "planned",
        "description": "The Department for Science, Innovation and Technology (DSIT) will be holding a pre-market engagement event on the 15th of January 2024 at 14:00. In this session we will outline the programme fellowship scheme in more detail, run a quick poll to those in attendance, and host a Q&A session towards the end of the event.\nFollowing this pre-market engagement we will ask interested attendees to provide further information in the form of a Request for Information (“RFI”) in order for the Department to shape the programme prior to procurement launch.\nThe event will be hosted via Microsoft teams and the joining details are below:\nhttps://teams.microsoft.com/l/meetup-join/19%3ameeting_NjliNTc4NzgtN2JlMy00NzU2LTk5MDMtOWY3ZGRhZmVhMzJh%40thread.v2/0?context=%7b%22Tid%22%3a%22cbac7005-02c1-43eb-b497-e6492d1b2dd8%22%2c%22Oid%22%3a%22fe09f2f9-f07c-455d-9223-a1b38a772f22%22%7d\nIf you  are not able to attend this event, but would still like to participate in the RFI exercise, please contact matthew.findlow@dsit.gov.uk or jack.millward@dsit.gov.uk for further details. The Department DSIT will not be accepting any RFI responses beyond the 26th January 2024."
      }
    ],
    "items": [
      {
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    "title": "Science & Technology Venture Capital Fellowship",
    "value": {
      "amount": 3000000,
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    },
    "description": "At the Autumn Statement, the Chancellor announced the creation of a Science & Technology Venture Capital Fellowship - 'the Fellowship' to help produce the next generation of world-leading investors in the UK’s renowned venture capital funds to support investment into the UK’s most innovative high-growth companies. The Department for Science Innovation and Technology (DSIT) is now undertaking a market engagement activity to inform the design and delivery this pilot Fellowship.\nWe will be delivering a presentation of the proposed structure for the Fellowship, seeking feedback on the content and delivery approach. Respondents are asked to indicate their level of interest in bidding to deliver the Fellowship.",
    "communication": {
      "futureNoticeDate": "2024-03-01T00:00:00Z"
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    "mainProcurementCategory": "services"
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      "identifier": {
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      "contactPoint": {
        "email": "Jack.Millward@beis.gov.uk"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
10 Jan 2024 · 000873-2024 · planning
{
  "id": "000873-2024",
  "tag": [
    "planning"
  ],
  "date": "2024-01-10T17:12:24Z",
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    "id": "GB-FTS-102209",
    "name": "Department for Science, Innovation & Technology"
  },
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    "id": "ocds-h6vhtk-042c2d",
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      {
        "id": "1",
        "status": "planned",
        "description": "The Department for Science, Innovation and Technology (DSIT) will be holding a pre-market engagement event on the 15th of January 2024 at 14:00. In this session we will outline the programme fellowship scheme in more detail, run a quick poll to those in attendance, and host a Q&A session towards the end of the event.\nFollowing this pre-market engagement we will ask interested attendees to provide further information in the form of a Request for Information (“RFI”) in order for the Department to shape the programme prior to procurement launch.\nThe event will be hosted via Microsoft teams and the joining details are below:\nhttps://teams.microsoft.com/l/meetup-join/19%3ameeting_NjliNTc4NzgtN2JlMy00NzU2LTk5MDMtOWY3ZGRhZmVhMzJh%40thread.v2/0?context=%7b%22Tid%22%3a%22cbac7005-02c1-43eb-b497-e6492d1b2dd8%22%2c%22Oid%22%3a%22fe09f2f9-f07c-455d-9223-a1b38a772f22%22%7d\nIf you  are not able to attend this event, but would still like to participate in the RFI exercise, please contact matthew.findlow@dsit.gov.uk or jack.millward@dsit.gov.uk for further details. The Department DSIT will not be accepting any RFI responses beyond the 26th January 2024."
      }
    ],
    "items": [
      {
        "id": "1",
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        "deliveryAddresses": [
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    ],
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    "value": {
      "amount": 3000000,
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    },
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    "coveredBy": [
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    "legalBasis": {
      "id": "32014L0024",
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    },
    "description": "At the Autumn Statement, the Chancellor announced the creation of a Science & Technology Venture Capital Fellowship - 'the Fellowship' to help produce the next generation of world-leading investors in the UK’s renowned venture capital funds to support investment into the UK’s most innovative high-growth companies. The Department for Science Innovation and Technology (DSIT) is now undertaking a market engagement activity to inform the design and delivery this pilot Fellowship.\nWe will be delivering a presentation of the proposed structure for the Fellowship, seeking feedback on the content and delivery approach. Respondents are asked to indicate their level of interest in bidding to deliver the Fellowship.",
    "communication": {
      "futureNoticeDate": "2024-03-01T00:00:00Z"
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    },
    "mainProcurementCategory": "services"
  },
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    {
      "id": "GB-FTS-102209",
      "name": "Department for Science, Innovation & Technology",
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        "region": "UK",
        "locality": "London",
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        "url": "https://www.gov.uk/government/organisations/department-for-science-innovation-and-technology",
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          }
        ]
      },
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  ],
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}