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NU/1246-4 INTOGRAL: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Newcastle University Published 5 Jan 2018 Contracts Finder

key details

Value£25,000
Statuscomplete
Category (CPV) 66171000
RegionNorth East
Deadline28 Nov 2017
Contract start16 Dec 2017
Contract end30 Nov 2018
Procedureopen
SME suitableNo
OCIDocds-b5fd17-9d19e772-e72d-4260-b746-599cf5f1e6e4

Award

SupplierValueDateStatus
William Shepherd £24,600 21 Dec 2017 active

description

interest in Intogral into tangible commercial contracts. It's therefore proposed that a commercially focused resource, in the form of a CEO, is utilised to take complete responsibility for all commercial aspects of Intogral. This will allow the founders to focus on solving customer's problems. Examples of specific tasks for the CEO (not in any particular order) are:

Review the existing business ambitions.
Raise investment to overcome immediate cash-flow challenge on the existing Innovate UK Award (£150k).
Raise investment to fund general business administration, new staff and a move to a suitable incubator.
Liaise with existing customer contacts to prioritise deal flow and convert interest into sales contracts.
Formulate a sustainable Business Plan for expansion to an off-campus facility.
Manage sales contracts and customer contacts.

It is anticipated that Intogral will deliver new software solutions and consultancy for clients interested in improving image processing capability for existing products. Health related products are a field of particular interest.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
5 Jan 2018 Award (award) · 8ac472f0-23ed-43fb-9151-9cc75a9f3f86-189700

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