(NU/1433-32) mignon.ai: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation
Published
Description
Newcastle University have developed a novel Artificial Intelligence (AI) microchip architecture which is uniquely underpinned by logic-based AI. The microchip named mignon was fabricated in early 2021 and this work was led by Dr Rishad Shafik and Professor Alex Yakovlev of the Microsystems Group, School of Engineering at Newcastle University. The aim is to create a Fabless IP based spin-out company mignon.ai which will market and sell the design of customised hardware devices and semiconductor electronics systems all based on the mignon microchip. The company mignon.ai will develop and design the microchips and supply codes to clients to enable the synthesising of microchip, where all manufacturing of hardware will be outsourced. The team requires an experienced and appropriate business executive to progress this opportunity. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; (3) a. Act for the company in the spin-out legal process and address all company formation matters; b. Obtain founder academics’ and Newcastle University (including the Head of Company Creation) approval for appointment as CEO. c. Provide to the appropriate university all matters necessary for Research England reporting requirements; (4) Secure (venture capital and other) funding Stage (5) will 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 appropriate university and will be subject to confirmation, typically at Stage 4 above. Lot 1: Newcastle University have developed a novel Artificial Intelligence (AI) microchip architecture which is uniquely underpinned by logic-based AI. The microchip named mignon was fabricated in early 2021 and this work was led by Dr Rishad Shafik and Professor Alex Yakovlev of the Microsystems Group, School of Engineering at Newcastle University. The aim is to create a Fabless IP based spin-out company mignon.ai which will market and sell the design of customised hardware devices and semiconductor electronics systems all based on the mignon microchip. The company mignon.ai will develop and design the microchips and supply codes to clients to enable the synthesising of microchip, where all manufacturing of hardware will be outsourced. The team requires an experienced and appropriate business executive to progress this opportunity. The initial brief of the executive will be to: (1) Produce a viable 5 year business plan; (2) Obtain university approval for the venture; (3) a. Act for the company in the spin-out legal process and address all company formation matters; b. Obtain founder academics’ and Newcastle University (including the Head of Company Creation) approval for appointment as CEO. c. Provide to the appropriate university all matters necessary for Research England reporting requirements; (4) Secure (venture capital and other) funding Stage (5) will 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 appropriate university and will be subject to confirmation, typically at Stage 4 above.
Timeline
Award date
2 years ago
Publish date
2 years ago
Buyer information
Newcastle University
- Contact:
- Mrs Natalie Morton
- Email:
- natalie.morton@ncl.ac.uk
Explore contracts and tenders relating to Newcastle University
Go to buyer profileSource
"Find-a-Tender"To save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Awarded
The Supply Chain Network Marketing Project
East Riding of Yorkshire31,936.26 GBPPublished 2 days ago
- Awarded
GB-Sheffield: eFront Implementation Planning - Phase 2
British Business Bank31,200 GBPPublished 3 days ago
- Awarded
Redhill Safer Streets - Engagement - Awarded to Neighbourly Lab
Reigate and Banstead Borough Council26,177.5 GBPPublished 3 days ago
- Awarded
UKSPF Investment Plan (UK Shared Prosperity Fund)
East Staffordshire Borough Council80,000 GBPPublished 6 days ago
- Awarded
UKSPF Investment Plan (UK Shared Prosperity Fund)
East Staffordshire Borough Council114,929 GBPPublished 6 days ago
- Awarded
UKSPF Investment Plan (UK Shared Prosperity Fund)
East Staffordshire Borough Council56,304 GBPPublished 6 days ago
- Awarded
PLACE587H - MHA PSP4 Section 278 Street Lighting Support Scheme 2024/25 (time charge)
Derbyshire County Council80,000 GBPPublished 7 days ago
- Awarded
PLACE591H - MHA PSP4 PTU - RTI bus shelter electrical design
Derbyshire County Council56,992 GBPPublished 7 days ago
Explore other contracts published by Newcastle University
Explore more open tenders, recent contract awards and upcoming contract expiries published by Newcastle University.
- Awarded
(NU/1853) Main Contractor for CAV Site Demolition Services
Newcastle University4,539,543 GBPPublished 13 days ago
- Awarded
NU/1589-80 Digital Media Production Support
Newcastle University750,000 GBPPublished 2 months ago
Explore more suppliers to Newcastle University
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- Thirteen Housing Group Ltd
- Test Valley Borough Council
- THE BUSINESS GROWTH HUB LIMITED
- Central Statistics Office
- Locala Community Partnerships CIC
- Spires Catering Consultancy
- The Property Registration Authority (PRA)
- Hjaltland Housing Association Ltd
- Broadcasting Authority of Ireland
- National Trust for Scotland
- Ad Astra Academy Trust
- Dales Academies Trust
- East Northants Council
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.