Source: https://tendernation.io/opportunities/01a13ca0-c9b9-737b-a37b-31ec931881b4/nu1433-44-senseful-ai-the-provision-of-business-consultancy-to-assist-commer awarded GB restricted procedure Suitable for SMEs # (NU/1433-44) Senseful AI: The Provision of Business Consultancy to Assist Commercialisation of University Research [Newcastle University](https://tendernation.io/buyers/newcastle-university) Estimated value £30,000 Published 25 Nov 2022 Deadline Closed 28 Oct 2022 ## 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. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender 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. Read full description ## CPV classification Business and management consultancy and related services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/bd667d06-5cea-4823-83e7-63d7415d6cf0) 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 Business services tenders](https://tendernation.io/sectors/business-services) ## More tenders like this [Provision of Payroll Services · The Pirbright Institute · 30 days left · 18 Nov 2026](https://tendernation.io/opportunities/01a15a0a-9c0d-709d-81ea-b082c210a292/provision-of-payroll-services) [CA18489 - Askham Bryan College - Provision for External Audit Services · Askham Bryan College · 27 days left · 16 Nov 2026](https://tendernation.io/opportunities/01a1594a-59c0-7116-83f2-f6a8be15db7d/ca18489-askham-bryan-college-provision-for-external-audit-services) [Askham Bryan College - Provision for External Audit Services · Askham Bryan College · 27 days left · 16 Nov 2026](https://tendernation.io/opportunities/01a1599c-ceed-7243-ac52-e8ffe216e03f/askham-bryan-college-provision-for-external-audit-services) [Institutional Strengthening and Capability Development Plan for Disaster Risk Management in Khyber Pakhtunkhwa · Dai Global UK Ltd · 15 days left · 4 Nov 2026](https://tendernation.io/opportunities/01a1594a-5b90-70f0-bfba-b41855fc1036/institutional-strengthening-and-capability-development-plan-for-disaster-risk-ma) [Tech support for the dev. of the PCF requirements of the NHS Supplier Roadmap · NHS England · 20 days left · 9 Nov 2026](https://tendernation.io/opportunities/01a1592e-e8f3-706b-9ddc-5c6a732dbed6/tech-support-for-the-dev-of-the-pcf-requirements-of-the-nhs-supplier-roadmap) [CCHA 0328 Legal Services Framework for Land and Development · Castles and Coasts · 35 days left · 24 Nov 2026](https://tendernation.io/opportunities/01a158c1-081f-701f-9487-6053b00296f6/ccha-0328-legal-services-framework-for-land-and-development)