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Tender Details
- Country: United Kingdom
- Summary: Science & Technology Venture Capital Fellowship
- GBT Ref No: 99411429
- Deadline: 29 Apr 2024
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: 1500000
- Notice Type: Tender
- Document Ref. No.: tender_406163/1336713
- Purchaser's Detail :
- Description :
- Title : Science & Technology Venture Capital Fellowship
Location Of Contract : Any region
Industry : Education and training services - 80000000
Value Of Contract : £1,500,000
Description : DSIT is seeking to procure an implementing partner to design and deliver a "Science and Technology (S&T) Venture Capital Fellowship", a 12-month pilot programme with the possibility to extend for a further year. Enhancing investor capability to identify opportunities and deploy capital into scaling firms with a focus on science and technology, is critical to reaching the UK's ambitions. In particular, research-intensive sectors such as deep-tech and life sciences require talented investors with deep domain expertise and a specialised understanding of the characteristics associated with these sectors such as longer investment horizons and scaling needs. While the UK already has an impressive set of venture capital (VC) firms that specialise in these sectors, capacity and skills gaps have been reported, and these are likely to be exacerbated by greater demand put on the system by capital due to be unlocked from institutional investors as part of the Mansion House reforms (see below). Moreover, both the Life Sciences Scale-up Taskforce and the Council for Science and Technology (CST) have identified a lack of S&T specialist investors in the UK. The development of new funds which may help to reduce funding gaps are also reliant on the developme... - Documents :
Purchaser : DSIT
10 Victoria Street London SW1H 0NB England
Email :jack.millward@dsit.gov.uk
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