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

Newcastle University Published 12 Jan 2023 Contracts Finder

key details

Value£30,000
Statuscomplete
Category (CPV) 79400000
RegionNorth East
Deadline7 Nov 2022
Contract start18 Dec 2022
Contract end31 May 2023
Procedureselective
SME suitableYes
OCIDocds-b5fd17-b16be1e1-b4ef-4a1d-a2ee-684f7ad05e58

Awards (2)

This procurement was awarded to 1 suppliers. Values shown are per-award; the notice total is £30,000.

SupplierValueDateStatus
IP2Impact £30,000 21 Dec 2022 active
IP2Impact · · active

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

notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
12 Jan 2023 Contract award notice (F03) Earlier regulations 000906-2023
12 Jan 2023 Award (award) · bcbfa472-3654-4110-b001-00eb842aa783-604974

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