Proof of Concept Fund

The North East Proof of Concept Fund (POC) was launched in December 2003 to invest in local science and technology-based companies in their earliest stages.

The capital was provided by the European Regional Development Fund and One North East with the intention that these investments would catalyse innovation from the region’s science and technology base in both academia and the SME community.

Owing to the success of the £0.75m pilot fund and the £10m main fund, a further £2 million was made available to entrepreneurs to the end of 2009.

We hope you enjoy looking through a selection of the POC portfolio.

Latest News

May 2015

Middlesbrough product design studio receives £125k investment

Mustachio, a Middlesbrough-based product design studio, has received a £125k investment from Newcastle and Darlington-based Northstar Ventures, via its Finance for Business North East Proof of Concept Fund.

May 2015

Job Vacancy – Marketing Executive

Northstar Ventures is seeking to appoint a Marketing Executive

May 2015

First £500,000 leaves North East Social Investment Fund under Peter Gilson’s leadership

The first portion of the new £9m North East Social Investment Fund has been handed to a Newcastle social enterprise, under the leadership of Northstar Ventures’ Peter Gilson.

May 2015

Funding scheme gets three year extension

A fund supporting the future development of charities, support groups and voluntary organisations throughout the North East has secured a three year extension.

Apr 2015

Darlington business hub hails new tenant

Bosses at a £6.6m business hub say they have made a significant coup after securing a new tenant. Northstar Ventures is moving into Business Central Darlington.

Apr 2015

North East Social Investment Fund now open for business

A £9m social investment loan fund is now open for business and actively seeking applications from social enterprises in the North East of England.

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