Published date: 12 January 2023

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


Closing: 7 November 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-DN638704-38372843

Published date

12 January 2023

Closing date

7 November 2022

Closing time

12pm

Contract start date

18 December 2022

Contract end date

31 May 2023

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

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

Award information

Awarded date

21 December 2022

Contract start date

23 December 2022

Contract end date

31 May 2023

Total value of contract

£30,000

This contract was awarded to 1 supplier.

IP2Impact

Address

92 Broadwood Road
Newcastle upon Tyne
Tyne and Wear
United Kingdom
NE15 7TB

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

purchasing@ncl.ac.uk

Website

https://www.ncl.ac.uk