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  5. ›RFP43 - EIR-26

Awarded contract·University of Louisville·Kentucky

RFP43 - EIR-26

Won by ApiCulture Medical Solutions +1 more$80kMultiple Award
Contract source

Awarded vendors

  • ApiCulture Medical Solutions
  • Liverpool Lane LLC

Description

The University of Louisville is seeking Entrepreneur‑in‑Residence (EIR) professionals to accelerate commercialization of university‑based innovations through mentorship, commercialization planning, and investor networking. The award will be a Personal Services Contract with a minimum commitment of 10 hours per week and bi‑monthly in‑person meetings, running from 12 Sept 2025 to 30 Jun 2026. Evaluation heavily favors vendor experience (60 % weighting) with cost and timeframe each at 20 %. The solicitation does not set a ceiling amount; vendors propose their own fee structure and must comply with Kentucky residency and foreign‑entity registration requirements. Two vendors—ApiCulture Medical Solutions and Liverpool Lane LLC—have been identified for award.

Attached files

Key dates

Bids closed
11/11/2025
Starts
9/12/2025
Ends
6/30/2026
Duration
9 months

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541618
Solicitation №
974791

Contract value

$80,000

No explicit dollar value is disclosed. Assuming an hourly rate of $200 (typical for senior entrepreneurs), 10 hrs/week × ~40 weeks ≈ 4,000 hrs. At $200/hr this equals $800,000, which is likely high for a university EIR program. More realistic rates for early‑stage advisory range $100‑$150/hr. Using $150/hr: 4,000 hrs × $150 = $600,000. Adding modest travel and material expenses (~$20,000) yields a total around $620,000. However, many university‑sponsored EIR contracts are capped lower, often $100‑$200 k. Balancing these factors, a reasonable ballpark is approximately $80,000‑$120,000 for the 9‑month term. I will estimate $80,000 as the midpoint of this range.

AI estimate from the award documents

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