Science & Technology Venture Capital Fellowship

Department for Science, Innovation & TechnologycontractContracts FinderRef tender_406163/1391951SME suitableVCSE suitablecomplete

Estimated value

£1.4m

Awarded value

£1.4m

Awarded 21 May 2024

Suppliers

1

Lots

1

1 awarded

Published

16 Aug 2024

Deadline 06 Jun 2024

Description

DSIT has procured an implementing partner to design and deliver a "Science and Technology (S&T) Venture Capital Fellowship", a 12-month pilot programme with the possibility to extend for a further year. A pilot Venture Capital Fellowship, focused on boosting the capabilities and capacity of UK-based mid-career VC investors, giving them the tools and creating the network to increase the allocation of capital into UK science and technology, with an initial focus on R&D intensive industries. As a pilot programme, the Fellowship should support a one-year cohort of 20-30 professional investors, drawn from high potential mid-level professional talent from UK-based VC firms (experienced Associate/Manager/Principal level) and high calibre entrepreneurs transitioning into venture capital with a strong interest in investing into Deep Tech and/or Life Sciences. In line with the Mansion House Reforms, we propose to include participants from other asset classes seeking to invest into unlisted equities.

Scope

Reference
tender_406163/1391951
Total value
£1,391,760 excluding VAT
Commercial tool
Standalone contract
Contract dates
06 Jun 2024 to 30 Mar 2026
CPV classifications
80000000
Particular suitability
Small and medium-sized enterprises (SME)Voluntary, community and social enterprises (VCSE)

Submission & procedure

Submission deadline
06 Jun 2024, 4:00 pm

Award details

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

Awarded value

£1.4m

Award date

21 May 2024

Contract start

06 Jun 2024

Contract end

30 Mar 2026