Published date: 15 January 2020

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 3 February 2020

Contract summary

Industry

  • Legal services - 79100000

Location of contract

South West

Value of contract

£10,000

Procurement reference

1470LaunchPad

Published date

15 January 2020

Closing date

3 February 2020

Contract start date

17 February 2020

Contract end date

15 February 2021

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Launchpad is a graduate incubation and acceleration programme designed to build new high growth businesses to meet market demand in just 12 months. It is also an innovative method of graduate incubation as it is underpinned by a specially designed one-year (MA) Entrepreneurship programme, where setting up a new high growth business becomes the learning vehicle. This means students both build a new business and gain a Master's Degree at the same time. During the 12 month incubation period, the Launchpad participants have a student contract with Falmouth University. All IP developed during this time, belongs to Falmouth University. At the end of the incubation period it is normally envisaged (subject to approval by Falmouth Launchpad Investment Committee) that the students progress to be founders in a newly incorporated company (newco). This company will own the IP developed during incubation and in return a shareholding will be taken by Falmouth Launchpad Ventures Limited. The newco will then seek investment to allow it to bring the product to market and grow the business.

Further information can be found here: https://falmouthlaunchpad.co.uk/

Launchpad is run by Falmouth University with funding support from ERDF, Cornwall Council and Research England.

The current Launchpad programme has been running since 2017 and as such has a full suite of documents (student contract, articles of association, investment agreement, directors contract, IP assignment) in place. It is not envisaged to re-write these documents. As such, most of the work needed will arise as a result of particular events. Therefore this contract will be for a limited amount of upfront work and will focus more on the cost and advice that will be provided as and when needed. That being said, there are a few small pieces of work that have been identified as needing attention.
Applicants are invited to tender for work supporting Launchpad on an as needed basis with initial tenders for the following three elements of the work.

• 3.1.1 Change to directors agreement to accommodate part time directors / founders and any other associated changes to the investment agreement
• 3.1.2 Revision to student contract (exact requirements still to be finalised on our side)
• 3.1.3 Standard form employee option scheme for Launchpad portfolio companies

More information

Attachments

Links

Additional text

Tender Document and further guidance can be downloaded from:
https://in-tendhost.co.uk/universityofexeter/aspx/Home

Date by which Bidders will need to submit clarifications (if raised) Wednesday 29th January 2020 at 12.00pm mid-day
Deadline for receipt of Tender
Monday 03rd February 2020 at 12.00pm
Shortlisted Bidders Notified
W/E Friday 07th February 2020
Shortlisted Supplier Presentation
W/C 10th February 2020
Preferred Bidder chosen (subject to contract)
W/E 14th February 2020
Contract Award
W/C 17th February 2020

About the buyer

Address

Penryn Campus
PENRYN
TR109FE
England

Telephone

01326 253504

Email

procurement@fxplus.ac.uk

Website

https://falmouthlaunchpad.co.uk/