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

Jun 2016

EU Referendum: Our Statement

We are obviously disappointed that the outcome of the Referendum was a vote to leave the EU, as we’ve seen first-hand the positive impact that European funding has had on the North East. While the future is uncertain at present …

Jun 2016

North East Specialist for Social Leadership Joins Northstar Ventures to Research Social Investment Challenges

  A researcher specialising in social change policies has joined Northstar Ventures to undertake a research project into social investment in the North East. Sara Bryson, North East Specialist Fellow at Clore Social Leadership, will explore the regional challenges surrounding …

Jun 2016

Hexislab celebrates skincare R&D partnership after £120k investment

  Local healthcare innovation company Hexislab is set to extend its reach to major cosmetic companies following a £120k investment from Northstar Ventures. Hexislab uses data mining and machine learning technology to identify natural and organic compounds that can be …

Jun 2016

£50K grants available to help organisations move towards sustainability

The Fresh Ideas Fund is a grant programme developed by Northern Rock Foundation to enable voluntary, community and social enterprises in Cumbria to explore new opportunities to help them grow in size, improve long term sustainability and increase their impact, through grants of up to £50,000.

May 2016

Northstar Ventures Take on Two Student Interns from Newcastle University

Last month two students from Newcastle University joined Northstar Ventures as part of the Newcastle Work Experience programme. The students will be undertaking placements within the company’s PR and Marketing department. The Newcastle Work Experience Programme offers students paid term …

May 2016

Northstar Ventures’ Staff Teach Pupils How to Manage Finance

  Pupils at John Spence Community High School in Tynemouth have been taught how to manage their finances successfully after they leave school. The students recently benefited from the advice of Northstar Ventures’ Finance Manager, as part of the Young …

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