Published date: 6 April 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 3 February 2022, 12pm

Contract summary

Industry

  • Business and management consultancy and related services - 79400000

Location of contract

North East

Value of contract

£30,000

Procurement reference

NCL001-DN593034-58112582

Published date

6 April 2022

Closing date

3 February 2022

Closing time

12pm

Contract start date

4 March 2022

Contract end date

30 September 2022

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Clean Hydrogen is a company with technology offering a solution to reducing the cost of hydrogen to help meet climate change challenges. One of the main challenges associated with the UK's (and global) energy sector, in the medium term, is to decouple fossil fuels from the increasing demands for energy while ensuring supply chain security.
The initial brief of the executive will be to:
Phase (1) Produce a viable 5-year business plan and pitch deck;
Phase (2) Bring together the required collaboration team for producing a demonstrable minimum viable product;
Phase (3) Support preparation of company spin-out approval documents to present to University exec board
Phase (4) Complete the formation of the Spin-out
a. Act for the company in the spin-out legal process and address all company formation matters;]
b. Obtain founder academics and University approval for appointment as CEO.
Phase (5) Secure (venture capital and other) funding. Produce the funds by which the new start-up company can consider employing the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period. However, such appointment will be at the discretion of the board and university and will be subject to confirmation, typically at Stage 4 above]

Award information

Awarded date

2 March 2022

Contract start date

4 March 2022

Contract end date

30 September 2022

Total value of contract

£27,000

This contract was awarded to 1 supplier.

Boundary Capital Limited

Address

63-66 Hatton Garden
London
Greater London
United Kingdom
EC1N 8LE

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Natalie Morton

Address

Newcastle University
Procurement Services, Kingsgate
Newcastle
NE1 7RU
United Kingdom

Telephone

+44 1912086396

Email

natalie.morton@ncl.ac.uk

Website

https://www.ncl.ac.uk