(NU/1433-29) Clean Hydrogen Limited: The Provision of Business Consultancy to Assist Commercialisation of University Research.

Tender description

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 Lot 1: Newcastle, Sunderland, Northumbria, Durham, Teesside universities together with the University of Bath on behalf of the SETsquared Partnership (the Enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey) and any other HE Institution that wishes to join this DPS, as detailed in the Office for Students Register, https://www.officeforstudents.org.uk/advice-and-guidance/the-register/the-ofs-register/ will engage suitably qualified and experienced executives through the DPS as and when required over the DPS period. The specific requirements will be detailed in each individual further competition. The typical brief of an executive will be to: (a) Produce a viable business plan; (b) Obtain university approval for the venture; (c) Act for the company in the spin-out legal process and address all company formation matters; (d) Provide to the appropriate university all matters necessary for Research England and ESIF reporting requirements; (e) Secure (venture capital and/or other) funding in accordance with the business plan. This will be a cyclical process throughout the entire Research England, and potential ESIF project along with any additional funding streams.