# NU/1433 The Provision of Business Consultancy to Assist Commercialisation of University Research

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Newcastle University](/buyers/newcastle-university/contract-awards)
- Tender value: £2,500,000
- Published: 14 January 2019
- Planned start: 28 February 2019
- Planned end: 31 December 2023
- Stage: open_tender
- Procurement category: services
- Notice ID: b84a7992-3c5c-4e4e-bc0d-11a6f14617aa-263431
- OCID: ocds-b5fd17-717b5dfa-f520-429c-9658-7efa5e440f6c

## Description

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 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\.

## Related contract awards

- [NU1433-60 RecoVolt: Novel Battery Discharge System Commercialisation of university research through provision of management skills to assist in successful spin-out company creation](/contracts/ocds-b5fd17-183871a2-8c8b-4fb9-9376-11b3567f16d5): Newcastle University
- [\(NU/1853\) Main Contractor for CAV Site Demolition Services](/contracts/ocds-b5fd17-ed9b84c1-7621-4dae-bc1b-0f171a375675): Newcastle University
- [NU1589-85 Web Services Retainer 2024-2025](/contracts/ocds-b5fd17-eb42d9ff-d5b1-42ae-a19e-91f29e912412): Newcastle University

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/b84a7992-3c5c-4e4e-bc0d-11a6f14617aa-263431)