Newcastle University · Awarded contract
Awarded

Provision of CEO Management Services to Newcastle University for Intogral Spin-Out Commercialisation

Awarded 16 Dec 2017

View live tenders
Awarded16 Dec 2017
Value£24,600.00
SupplierWilliam Shepherd
AgencyNewcastle University
RegionNorth East
CategoryConsultancy & Legal
Ended 7y 11mo ago12mo term
Awarded 16 Dec 2017Expired 30 Nov 2018

About

Newcastle University awarded a contract to William Shepherd for the provision of commercially focused management services, specifically in the role of CEO, to take complete responsibility for all commercial aspects of Intogral, a university spin-out.

The CEO was tasked with reviewing existing business ambitions, raising investment to overcome immediate cash-flow challenges on the existing Innovate UK Award (£150k), raising investment for general business administration, new staff and relocation to a suitable incubator, liaising with existing customer contacts to prioritise deal flow and convert interest into sales contracts, formulating a sustainable business plan for expansion to an off-campus facility, and managing sales contracts and customer contacts.

Intogral was anticipated to deliver new software solutions and consultancy for clients interested in improving image processing capability for existing products, with health-related products being a field of particular interest.

The contract value was £24,600.

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