Newcastle University · Awarded contract
Awarded

Business Consultancy for Commercialisation of University EcoTech Research

Awarded 18 Dec 2022

View live tenders
Awarded18 Dec 2022
Value£30,000.00
SupplierIP2Impact
AgencyNewcastle University
RegionNorth East
CategoryConsultancy & Legal
Ended 3y 5mo ago5mo term
Awarded 18 Dec 2022Expired 30 May 2023

About

Newcastle University awarded a contract to IP2Impact for business consultancy to assist the commercialisation of university research.

The consultancy supported the creation of a spin-out company, EcoTech Devices Limited, to market and sell products globally based on two ecotechnologies: Solar2water, an atmospheric water generator, and OptimumAirCon, an indirect evaporative cooling system.

The scope included producing a viable 5-year business plan, obtaining university approval for the venture, acting in the spin-out legal process and company formation matters, providing necessary information for Research England reporting, finalising market-ready product specifications, validating the total addressable market, and engaging with angels and venture capitalists to attempt funding and promote to international partners.

The contract value was AUD 30,000.

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