Procurement of Fund Management Services for University Commercialisation and Spinout Fund

The North East Fund Limited
North East
11 February 2026 to 12 February 2046

Management of a dedicated university commercialisation and spinout fund, providing risk-tolerant, patient capital to high-growth ventures emerging from five North East universities. The manager must collaborate with these institutions to identify, catalyse, and maximise deal-flow, adhering to established university spinout investment terms and commercialisation systems to drive regional R&D and innovation.

Open the official notice

Awarded value: £3.5m; As published
Published: 22 October 2024
Awarded: 11 February 2026; Northstar Ventures Limited
Contract length: 240 months; Ends 12 February 2046

What the contract covers

Services contract for a single FCA-regulated fund manager

Provision of professional fund management services for early-stage university spinout and commercialisation investment funds in the North East.

Deliver and manage a University commercialisation and spinout fund providing risk-tolerant and patient investments to early-stage ventures commercialising research and innovation with one or more of the named North East universities

Terms and requirements

Contract type: Services contract for a single FCA-regulated fund manager
Initial term: 120 months
Extensions: 120 months
Longest it can run: 240 months
Contract dates: 11 February 2026 to 12 February 2046
Certifications asked for: FCA authorised
Lots: 1
Suitable for SMEs: Not stated
Category: Services
CPV codes: 66100000, 66122000

Services in this contract

Business finance fund managementMain service£60k typicalFund management of North East university commercialisation and spinout investment fund

Lifecycle

Published
22 October 2024
Contract awardedto Northstar Ventures Limited
11 February 2026
Contract starts
11 February 2026
Contract ends
12 February 2046

The buyer

The North East Fund Limited

Type: Locked
Contracts, 24 months: Locked
Recorded value: Locked
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The supplier

Northstar Ventures Limited

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Value won, 24 months: Locked
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Cite this contract

Link: https://bidskim.com/tender/882968/procurement-of-fund-management-services-for-university-commercialisation-and-spi
Buyer reference: TNEFL/2024/04
Last checked: 5 November 2026

The North East Fund Limited. Procurement of Fund Management Services for University Commercialisation and Spinout Fund. Contract award, 22 October 2024. BidSkim, https://bidskim.com/tender/882968/procurement-of-fund-management-services-for-university-commercialisation-and-spi (accessed 5 November 2026).