Newcastle University · Awarded contract
Awarded

Provision of Management Services for Spin-Out Company Creation from University Research

Awarded 16 Dec 2021

View live tenders
Awarded16 Dec 2021
Value£24,000.00
SupplierAthymetrix Ltd
AgencyNewcastle University
RegionNorth East
CategoryConsultancy & Legal
Ended 4y 7mo ago4mo term
Awarded 16 Dec 2021Expired 30 Mar 2022

About

Newcastle University awarded a contract to Athymetrix Ltd for the provision of management skills to assist in the successful creation of a spin-out company, ESP Diagnostics Ltd, focused on commercialising university research in diagnostics for neurodegenerative disorders such as Parkinson's disease and Dementia with Lewy bodies.

The executive's initial brief included producing a viable 5-year business plan, obtaining university approval for the venture, acting in the spin-out legal process and addressing company formation matters, obtaining founder academics' and Newcastle University approval for appointment as CEO, providing necessary information for ERDF or Research England reporting requirements, and securing venture capital and other funding.

The contract value was AUD 24,000.

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