# \(NU/1433-39\) EcoTech Devices: The Provision of Business Consultancy to Assist Commercialisation of University Research\.

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Newcastle University](/buyers/newcastle-university/contract-awards)
- Contract winner: IP2Impact
- Award value: £30,000
- Tender value: £30,000
- Award date: 21 December 2022
- Published: 12 January 2023
- Contract start: 23 December 2022
- Contract end: 31 May 2023
- Stage: awarded
- Procurement category: services
- Notice ID: bcbfa472-3654-4110-b001-00eb842aa783-604974
- OCID: ocds-b5fd17-b16be1e1-b4ef-4a1d-a2ee-684f7ad05e58

## Description

The Northumbria University team have developed two complementary ecotechnologies \(namely, Solar2water and OptimumAirCon\) though they may be targeting different market applications\. Solar2water is an innovative atmospheric water generator \(AWG\) while OptimumAirCon is an innovative indirect evaporative cooling system \(IEC\)\. The aim is to create a spin-out company 'EcoTech Devices Limited' which will market and sell products globally \(esp\. in hot climatic regions and/or off-grid requirement scenarios\) based on the two ecotechnologies\. The initial brief of the executive will be to: \(1\) Produce a viable 5 year business plan; \(2\) Obtain university approval for the venture; a\. Act for the company in the spin-out legal process and address all company formation matters; b\. Provide to the appropriate university all matters necessary for Research England reporting requirements; \(3\) Finalise market-ready product spec and validate TAM \(Total Addressable Market\) \(4\) Engage with angels/VCs to attempt funding and promote to international partners

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/bcbfa472-3654-4110-b001-00eb842aa783-604974)