Establishing the Betaden Commercial Model and Proposition to Raise Private Sector Funding and Investment

Tender description

BetaDen is Worcestershire's only dedicated technology accelerator. Supported by Worcestershire Local Enterprise Partnership (WLEP) and launched in September 2018, it has delivered two pilot cohorts of 6-8 technology-based entrepreneurs with the final pilot, Cohort 3.0, scheduled to complete at the end of February 2021. To date, the Betaden offer to cohorts has been a nine-month programme, valued up to c.£50k, providing specialist mentoring, business coaching, funding and premises, located at Malvern Hills Science Park (MHSP). The Betaden offices are co-located with Worcestershire's 5G Testbed consortium project. This dovetails strategically with the key technological areas upon which Worcestershire's economic growth will increasingly depend; namely Industry 4.0; Edge computing; Internet of Things (IoT); and Cyber Security. Betaden's ambition is to be the catalyst for an expanding Worcestershire technology and innovation ecosystem, leveraging its growing reputation to raise private finance; attract valuable industry partnerships; licence its brand; and expand its physical presence to new locations, both within Worcestershire and beyond. The key business plan objective is to become a 50/50 public/private funded entity by 2025, through a transition process away from reliance on public funding towards commercial partnerships, private investment, and grant funding on a national basis. If you wish to view the documents for this opportunity please click `Express Interest`. Following this, if you wish to apply for this opportunity please click `Opt in` which will then enable you to view and complete the Standard Questionnaire and upload the relevant documents. After uploading all required documents and completing the questionnaire(s) please remember to press the `Submit your Return` button at the bottom of the page. Suppliers will receive a system generated email to confirm successful submission of their return. Any questions or clarification should be conducted via `Correspondence` through this portal. Additional information: Is a Recurrent Procurement Type? : No