Procurement of Fund Management Services for University Commercialisation and Spinout Fund
Buyer: THE NORTH EAST FUND LIMITED
- Published
- 22 October 2024
- Submission deadline
- 22 November 2024
- Estimated value
- £5,500,000
- Place of performance
- UKC
- Procedure
- Restricted procedure
- Lots
- 1
- Notice number
- 034211-2024
- Reference
- ocds-h6vhtk-04b047
- Official source
- Official source
CPV codes
- 66122000Corporate finance and venture capital services
Description
The North East Fund seeks to appoint a professional, FCA authorised fund management organisation to deliver a University commercialisation and spinout fund in the North East of England. The fund will invest in companies which have emerged from, or are commercialising intellectual property in conjunction with, one or more of: Durham University; Newcastle University; Northumbria University; The University of Sunderland and Teesside University (the "NE Universities"). In doing so, the Fund will drive innovation and R&D investment in the North East, including through translational research, high quality SME innovation support and the development of nationally significant assets through the promotion of the commercialisation of research and spinout creation from these research intensive institutions. The Fund has the working title of the "University Commercialisation and Spinout Fund"; its final name will be agreed with the appointed fund manager. The North East's Universities and the North East Combined Authority share an objective to drive innovation and R&D investment in the North East, including through translational research, high quality SME innovation support and the development …
Official publications
- FTS · 034211-2024 · 22 October 2024
Other tenders from THE NORTH EAST FUND LIMITED
Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 22 November 2024. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £5,500,000.
- Who is the buyer of this tender?
- The contracting authority is THE NORTH EAST FUND LIMITED (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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