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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Newcastle University |
| Main Category: | Services |
| Procurement Method: | Restricted procedure |
| Tender Status: | Closed |
Pipeline status
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Application Deadline
3 February 2022
Closed
Estimated Value
£30,000
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| £30,000 |
| Release Date: | 6 April 2022 |
| Application Deadline: | 3 February 2022 |
| Contract Start Date: | 4 March 2022 |
| Contract End Date: | 30 September 2022 |
| Contract Duration: | 7 months |
| Procurement ID (OCID): | ocds-b5fd17-87eb0d58-334d-4b76-abac-6352316b1930 |
| Notice Reference: | 83ca692e-f2d7-4a19-a6ab-bd434e5cebc4-525517 |
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Awarded to
| Award value: | £27,000 |
| Award decision date: | 2 March 2022 |
| Award status: | Active |
Clean Hydrogen is a company with technology offering a solution to reducing the cost of hydrogen to help meet climate change challenges. One of the main challenges associated with the UK's (and global) energy sector, in the medium term, is to decouple fossil fuels from the increasing demands for energy while ensuring supply chain security. The initial brief of the executive will be to: Phase (1) Produce a viable 5-year business plan and pitch deck; Phase (2) Bring together the required collaboration team for producing a demonstrable minimum viable product; Phase (3) Support preparation of company spin-out approval documents to present to University exec board Phase (4) Complete the formation of the Spin-out a. Act for the company in the spin-out legal process and address all company formation matters;] b. Obtain founder academics and University approval for appointment as CEO. Phase (5) Secure (venture capital and other) funding. Produce the funds by which the new start-up company can consider employing the executive going forward. It is expected, and the intent of the scheme, that the Executive will remain with the business following the end of the contract period. However, such appointment will be at the discretion of the board and university and will be subject to confirmation, typically at Stage 4 above]