Source: https://tendernation.io/opportunities/01a13c21-202f-70ae-8761-ab53eb3fb24a/nu1246-7-magnitude-biosciences-commercialisation-of-university-research-through awarded GB open procedure Suitable for SMEs # NU/1246-7 MAGNITUDE BIOSCIENCES 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 £18,750 Published 13 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 Magnitude Biosciences intends to be a significant player in the current world-wide endeavor to understand aging and assist companies and academic researchers create new drugs and food additives that promote healthspan (healthspan is the active period of a lifetime). This research field is receiving very significant attention from the investor community. Ageing Research, however, faces a significant practical challenge because to properly assess the impact of a compound on aging and healthspan, very large test populations are required to capture the inherent variability of aging in that population. An initial investment will enable Magnitude Biosciences to engage with the market to secure a first sale. This achievement would provide the case for a more substantial investment to scale up to a sustainable business. A CEO is therefore required to win the first investment, ensure that all commercial aspects of the business model and company structure are dealt with, and a second round of expansion funding is secured. Examples of specific tasks for the CEO (not in any particular order) are: • Review the existing business ambitions. • Raise investment to fund general business administration, new staff and secure a first sale • Formulate a sustainable Business Plan for expansion to an off-campus facility. • 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/40a24fb0-386a-41fd-9566-7e4930b97131) 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. 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