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

Newcastle UniversitycontractContracts FinderRef NCL001-DN637976-67301436SME suitablecomplete
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Estimated value

£30k

Awarded value

£30k

Awarded 01 Nov 2022

Suppliers

1

Lots

1

1 awarded

Published

25 Nov 2022

Deadline 28 Oct 2022

Description

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.

Scope

Reference
NCL001-DN637976-67301436
Total value
£30,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
14 Nov 2022 to 13 May 2023
CPV classifications
79400000
Particular suitability
Small and medium-sized enterprises (SME)

Submission & procedure

Submission deadline
28 Oct 2022, 11:00 am

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£30k

Award date

01 Nov 2022

Contract start

14 Nov 2022

Contract end

13 May 2023