Financial consultancy services

Tender description

The Participant Hub Ltd (TPH) is a proposed Survey Platform spin-out company from Durham’s Department of Psychology. It intends to serve the need of businesses wishing to more precisely and rapidly understand customers’ needs (Business Fact-Finding). This market is currently estimated to be worth about 4 800 000 000 GBP pa and employs 73 000 people. It is proposed that TPH will enter this market by first establishing itself in the smaller market for Academic Researchers. Academic research groups utilise online surveys to establish scientific facts for the purpose of publishing academic papers (Scientific Fact-Finding). By first operating in the Scientific Fact-Finding market, TPH will be able to develop the capacity and expertise to expand into the vast business fact-finding market. TPH will create new survey methods, recruitment techniques, and business approaches that have the potential to serve customers more efficiently then the incumbent players in the Business Fact-Finding market. The executive will act to form the company and will address all business (non-scientific) matters that relate to it. They will: (a) review existing business aspirations, market landscape and create an initial business plan; (b) create a prototype web platform and test it with 100 users; (c) rewrite the business plan to incorporate test results; (d) secure a first investment or partnership agreement.