RFP QuestBeta
ClosedStage · contract

Newcastle University

(NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research

Business ServicesCPV 79400000
Value£30k
Deadline28 Oct 2022
Published25 Nov 2022
RegionLondon
Timeline
Published 25 Nov 2022ClosedCloses 28 Oct 2022
Contract value in context
£30ktotal contract value
median £66k
this tender£0£1.6m

This sits in the lower-middle of the Business Services band — a mid-scale opportunity. Based on 57,319 valued Business Services tenders in our corpus.

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The brief

As a professional philologist whose research rests at the intersection of linguistics, anthropology, and the cognitive sciences, Dr William Short (PhD, University of California, Berkeley) has pioneered the development of an approach to the description of the conceptual systems of historical societies through the close analysis of language and text.

As part of this research, Dr Short developed an innovative search engine technology that enables the identification of relations between concepts within large text corpora, independent of how those concepts happen to be expressed lexically.

Seeing this tool's potential to make searching textual data of all kinds more efficient, more productive, and more rewarding, Dr Short has launched Senseful AI to commercialise the technology for data providers hoping to offer advanced, sophisticated search functionalities to their users.

We are looking for an Executive with the initial brief of the executive will be to: Phase 1 Opportunity validation and business plan creation Review existing business ambitions and options for optimal route to market and generate a viable business plan with realistic funding requirements built on sound market research Phase 2 Spinout approval Work with University of Exeter's technology transfer office and founder academics to develop business case to obtain approval and sign-off for the spin-out company creation Phase 3 Complete necessary stages for being "ready to spin" including company formation relevant legal agreements.

Phase 4 Securing seed investment into the company Achieve investor engagement, commitment and completing a Term Sheet and investment completion, to cover funding required by the business to deliver against the business plan.

Key requirements

What the supplier must deliver

01

Achieve investor engagement, commitment and completing

Achieve investor engagement, commitment and completing a Term Sheet and investment completion, to cover funding required by the business to deliver against the business plan.

Derived from the notice text — always confirm against the original documents.

Buyer intelligence

Make the case to bid

Reveal who to approach at Newcastle University, and generate a go-to-market strategy from their news, accounts and people.

Source & provenance
OCID
2433a9b5-8940-4d97-9154-4ce9fedc09ef
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
NCL001-DN637976-67301436
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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