NU/1246-6 LABSAFE Commercialisation of university research through provision of management skills to assist in successful spin-out company creation
key details
| Value | £25,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66171000 |
| Region | North East |
| Deadline | 15 Jan 2018 |
| Contract start | 1 Feb 2018 |
| Contract end | 31 Jan 2019 |
| SME suitable | Yes |
| OCID | ocds-b5fd17-13b96471-b4e1-4be4-a2ea-8ed26d506ce5 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| IPHL Ltd | £25,000 | 25 Jan 2018 | active |
description
It is proposed that a CEO be supported to create and manage a company called LabSafe Limited. This opportunity has emerged from the work of an established Durham spinout company, Olexsys Limited which was spun out from Durham Chemistry in 2010. Olexsys developed "LabSafe" software during work adjacent to their main technical activity (X-Ray crystallography) during 2015-17. The Olexsys Board now consider that the LabSafe software has good commercial potential, but it could distract from the core Olexsys mission. They therefore propose that a new company, LabSafe Limited is formed to focus on the commercial exploitation of the software. A CEO designate is therefore required to bring strong commercial skills and leadership to this business.
To date the LabSafe product has demonstrated initial sales through provision of a successful product to Durham Chemistry Department and is presently negotiating a contract to roll the product out across the University.
Examples of specific tasks for the CEO (not in any particular order) are:
| • | Review the existing business ambitions and formulate a sustainable Business Plan. |
| • | Establish Labsafe as an independent business |
| • | Raise finance through investment or sales to support general business administration and new staff as identified in the business plan |
| • | Secure first new customer sales. Manage sales contracts and customer contacts. |
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 2 Feb 2018 | Award (award) | · | a66ea8fd-61c1-4155-a029-c098a780f917-195635 |
more from Newcastle University
- NU/2116 - Driving Electrical Revolution (DER) Capital Procurement · 3 Apr 2025
- NU2102 - Supply of Card Acquiring Services and Associated Goods · £3,000,000 · 29 Jan 2025
- NU2108 - Samples Management System · 20 Jan 2025
- NU/2093 - Supply of a modular programmable bidirectional DC power supply · £300,000 · 19 Dec 2024
- NU/2091 - Supply of a Coil Press · £180,000 · 21 Nov 2024
- NU2053 - Supply of a Rare Disease Recruitment Portal (RDRP) · £700,000 · 31 Oct 2024
- (NU2076) The Supply and Installation of a High-Plexed Platform for Gene Expression Analysis with Spatial Resolution at Single-Cell Scale · £474,328 · 21 Oct 2024
- (NU/2062) Supply of an Image-Guided Small Animal Radiation Research System · £682,468 · 16 Sept 2024
all contracts from this buyer →
similar contracts awarded
Other awarded contracts in the same category. Useful for seeing who normally wins this kind of work, and at what value.
- NCC2017 Advance Northumberland Legal Advice · Northumberland County Council · £250,000
- Financial Advisory Services for Supporting the Design of Financing Mechanisms · HM TREASURY · £400,000
- AML Supervisory Reform Consultancy Resource -Business Analysts / Business Change · Financial Conduct Authority · £600,000
- ERP Support Awarded contract · LONDON BOROUGH OF HARINGEY · £345,800
- Supported Living and adult social care panels ( consultancy) · London Borough of Haringey
- ESPO Call Off 664_25 Consultancy Services - Cost of Care · City of Bradford Metropolitan District Council
- Provision of MAT Financial Management Support · THE BOLEYN TRUST
- Financial Assurance Framework · Department of Health & Social Care · £20,000,000
source
Published on Contracts Finder. Contact details for named individuals are not reproduced on this site.