Provision of Management Services for Aelius Biotech Spin-Out Company Creation
Awarded 30 Apr 2018
About
Newcastle University awarded a contract to Technostics Ltd for management services to assist in the successful creation of a spin-out company, Aelius Biotech, based on an innovative in vitro model gut system developed by Professor Jeff Pearson and Dr Peter Chater.
The executive's initial brief included producing a viable business plan, obtaining university approval for the venture, acting for the company in the spin-out legal process and addressing all company formation matters, and negotiating and delivering a funding package to finance the growth of the business.
The contract value was AUD 28,800.
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