NU/1246-4 INTOGRAL: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation
NEWCASTLE UNIVERSITY · United Kingdom
Key facts
- Contract value
- £24,600
- Awarded
- 21 Dec 2017
- Contract starts
- 01 Jan 2018
- Contract ends
- 30 Nov 2018
- Procedure
- Open procedure
- Buyer type
- Education
Awarded to
| Supplier | Value |
|---|---|
| William Shepherd | £24,600 |
Description
interest in Intogral into tangible commercial contracts. It's therefore proposed that a commercially focused resource, in the form of a CEO, is utilised to take complete responsibility for all commercial aspects of Intogral. This will allow the founders to focus on solving customer's problems. Examples of specific tasks for the CEO (not in any particular order) are:
⢠Review the existing business ambitions. ⢠Raise investment to overcome immediate cash-flow challenge on the existing Innovate UK Award (£150k). ⢠Raise investment to fund general business administration, new staff and a move to a suitable incubator. ⢠Liaise with existing customer contacts to prioritise deal flow and convert interest into sales contracts. ⢠Formulate a sustainable Business Plan for expansion to an off-campus facility. ⢠Manage sales contracts and customer contacts.
It is anticipated that Intogral will deliver new software solutions and consultancy for clients interested in improving image processing capability for existing products. Health related products are a field of particular interest.
Categories (CPV)
- 66171000 Financial consultancy services
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