Source: https://tendernation.io/opportunities/01a13cbf-19ce-7000-b76c-93d261ca9474/nu1433-49-neudio-the-provision-of-business-consultancy-to-assist-commerciali

awarded GB restricted procedure Suitable for SMEs

# (NU/1433-49) Neudio: The Provision of Business Consultancy to Assist Commercialisationof University Research

[Newcastle University](https://tendernation.io/buyers/newcastle-university)

Estimated value

£30,000

Published

15 Mar 2023

Deadline

Closed

9 Jan 2023

## 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

Neuroscience has revealed the importance of brainwaves for healthy and pathological brain function. Manipulating brainwaves can affect mood, memory, attention and sleep, with therapeutic benefits in conditions ranging from ADHD to anxiety to Alzheimer's, but current neuromodulation techniques are limited.

Through research led by Newcastle University, we have demonstrated how 'closed-loop' neurostimulation (whereby brain signals control brain stimulation in a real-time feedback loop) can boost or suppress brainwave oscillations at different frequencies). Neudio combines closed-loop algorithms with non-invasive technologies (surface EEG recordings and musical stimulation) to regulate brainwaves. Effectively, our technology establishes a resonance between brain activity and music that enhances or suppresses brainwaves at specific frequencies.

The initial brief of the executive will be to:

Phase 1 - Write an ambitious business plan in line with ambitions and market opportunities

Phase 2 - Obtain IP Spin Out Committee Approval

Phase 3 - Complete spin-out legal process and act as company representative in legal formation of the company

Phase 4 - Prepare investment pitch deck and due diligence documents

Phase 5 - Initial negotiations to secure angel, seed or capital funding

Stage (5) will produce the funds by which the new start-up company can consider employing the executive going forward

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/81d8265e-038e-41df-89b7-f5a4beeb6ff8)

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