Source: https://tendernation.io/opportunities/01a13c1d-3602-702d-b92c-78b687259174/nu1246-6-labsafe-commercialisation-of-university-research-through-provision-of awarded GB open procedure Suitable for SMEs # NU/1246-6 LABSAFE Commercialisation of university research through provision of management skills to assist in successful spin-out company creation [Newcastle University](https://tendernation.io/buyers/newcastle-university) Estimated value £25,000 Published 2 Feb 2018 Deadline Closed 15 Jan 2018 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender It is proposed that a CEO be supported to create and manage a company called LabSafe Limited. This opportunity has emerged from the work of an established Durham spinout company, Olexsys Limited which was spun out from Durham Chemistry in 2010. Olexsys developed "LabSafe" software during work adjacent to their main technical activity (X-Ray crystallography) during 2015-17. The Olexsys Board now consider that the LabSafe software has good commercial potential, but it could distract from the core Olexsys mission. They therefore propose that a new company, LabSafe Limited is formed to focus on the commercial exploitation of the software. A CEO designate is therefore required to bring strong commercial skills and leadership to this business. To date the LabSafe product has demonstrated initial sales through provision of a successful product to Durham Chemistry Department and is presently negotiating a contract to roll the product out across the University. Examples of specific tasks for the CEO (not in any particular order) are: • Review the existing business ambitions and formulate a sustainable Business Plan. • Establish Labsafe as an independent business • Raise finance through investment or sales to support general business administration and new staff as identified in the business plan • Secure first new customer sales. Manage sales contracts and customer contacts. ## CPV classification Financial consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/13b96471-b4e1-4be4-a2ea-8ed26d506ce5) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free](https://tendernation.io/register) [Buyer profile Newcastle University: past awards and live tenders](https://tendernation.io/buyers/newcastle-university) [Sector More Financial & insurance services tenders](https://tendernation.io/sectors/financial-insurance-services) ## More tenders like this [Financial and insurance services – Udbud af delkontrakter vedrørende administration af selvforsikringsordninger · Danish Ministry of Defence Acquisition and Logistics Organisation · 27 days left · 16 Nov 2026](https://tendernation.io/opportunities/01a156a9-9f2a-72f8-9d86-29b05755fb83/denmark-financial-and-insurance-services-udbud-af-delkontrakter-vedrorende-a) [Property insurance services – Prestations de services d’assurances · Ville de Baud (56) · 6 days left · 26 Oct 2026](https://tendernation.io/opportunities/01a156a9-eacd-7321-8a56-9e3a7fc387c0/france-property-insurance-services-prestations-de-services-dassurances) [Insurance services – Marché de service relatif à la prestation d'assurance pour les besoins de Labocéa · Labocéa · 29 days left · 18 Nov 2026](https://tendernation.io/opportunities/01a156a9-6d89-707c-8006-6aaea9baf8b7/france-insurance-services-marche-de-service-relatif-a-la-prestation-dassura) [Health insurance services – Hospitalisatieverzekering · Gemeente Kontich · 14 days left · 3 Nov 2026](https://tendernation.io/opportunities/01a156a9-8bc1-720a-9e1f-3592335b31e6/belgium-health-insurance-services-hospitalisatieverzekering) [Damage or loss insurance services – procedura aperta EX ART. 71 del codice degli appalti (d.lgs. N. 36/2023) PER l’affidamento del servizio DI assicurazione ALL risks (patrimonio) della durata DI 24 MESI (dalle ORE 24.00 del 31/12/2026 ALLE ORE 24.00 del 31/12/2028) prorogabile DI ulteriori 24 MESI DA aggiudicare CON IL criterio dell’offerta economicamente PIÙ vantaggiosa, in modalità telematica · Comune di Piove di Sacco · 36 days left · 25 Nov 2026](https://tendernation.io/opportunities/01a156aa-174b-7271-8223-dd3559df50eb/italy-damage-or-loss-insurance-services-procedura-aperta-ex-art-71-del-codi) [Liability insurance services – Prestation d'assurance pour les besoins de la Communauté de Communes Des Savanes 2027-2030 · Communauté des communes des Savanes (973) · 31 days left · 20 Nov 2026](https://tendernation.io/opportunities/01a156a9-6375-70c6-83f3-2673aade0342/france-liability-insurance-services-prestation-dassurance-pour-les-besoins)