Newcastle University · Awarded contract
Awarded

Provision of CEO Management Services for Rail Infrastructure Investigation Spin-Out Company

Awarded 15 Apr 2019

View live tenders
Awarded15 Apr 2019
Value£19,800.00
SupplierDr Chris Steer
AgencyNewcastle University
RegionNorth East
CategoryConsultancy & Legal
Ended 7y 1mo ago6mo term
Awarded 15 Apr 2019Expired 29 Sept 2019

About

Newcastle University awarded a contract to Dr Chris Steer for the provision of management skills to assist in the creation of a spin-out company, Rail Infrastructure Investigation Limited (RIIL).

The CEO will take full responsibility for all commercial aspects from pre-spin-out to a fully-fledged company with revenues in the region of £10m-£30m.

RIIL will utilise novel IP and know-how from Durham University, the University of Sheffield, and St Mary's University, Twickenham, along with a well-established rail contractor, to offer non-destructive surveys of Victorian rail infrastructure, initially targeting the UK rail network.

The contract value is £19,800.

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