(NU/1433-42) REJI: The Provision of Business Consultancy to Assist Commercialisation of University Research

A Contract Award Notice
by NEWCASTLE UNIVERSITY

Source
OJEU
Type
Contract (Services)
Duration
not specified
Value
£30K
Sector
BUSINESS
Published
27 Jan 2023
Delivery
not specified
Deadline
n/a

Concepts

Location

Newcastle upon Tyne

Geochart for 7 buyers and 1 suppliers

7 buyers

1 supplier

Description

Three-dimensional (3D) bioprinting utilises printing techniques to combine cells, growth media and/or biomaterials to produce 3D bio-tissues, with the aim of imitating natural tissue characteristics. Fields in which 3D bioprinting could be used include tissue engineering, regenerative medicine, drug toxicology screening, clinical transplantation, high-throughput assays, and cancer research. The initial brief of the executive will be to: (1) Phase 1 – Provide a market assessment/evaluation and present a recommendation for launch and go-to-market strategy for company (2) Produce a viable 5 year business plan; (3) Obtain university approval for the venture; (4) 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 Research England reporting requirements

Total Quantity or Scope

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-re... 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.

Award Detail

1 Ivo Associates (Cambridgeshire)
  • ReJI: The Provision of Business Consultancy to Assist Commercialisation of University Research
  • Reference: (nu/1433-42)
  • Num offers: 2
  • Value: £28,900
  • Contractor is an SME.

Award Criteria

Ability to meet the required programme _
Quality: Ability to meet the Job Description 60.0
Equity 15.0
PRICE 25.0

CPV Codes

  • 79410000 - Business and management consultancy services

Indicators

  • Award on basis of price and quality.

Other Information

This an award from a DPS framework there was no pin and the contract notice was for the overall DPS itself. Overall Official Journal reference for the overall DPS is OJ S: 2022/S 186-528050

Reference

Domains