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

Jul 2016

Northstar Ventures in North East Times Magazine

July 2016 Northstar Ventures, with offices in Newcastle and Darlington, has played a key role in developing a burgeoning entrepreneurial ecosystem in the North East by investing in and supporting, primarily, tech start-ups. But with European funding providing the vast …

Jul 2016

Tech for Good start-up receives £600,000 investment

Newcastle-based fundraising platform GoRaise has received a £600,000 investment from Northstar Ventures and an Angel investor. £300k of the investment comes from the Finance for Business North East Accelerator Fund. GoRaise is an online charity cashback platform which facilitates fundraising …

Jul 2016

Leaf.FM First North East Company to Win Grand Prix at the Big Chip Awards

Newcastle-based music sharing start-up Leaf.FM is the first North East company to take home the Grand Prix at the Big Chip Awards. The annual awards ceremony celebrated its 16th edition in Manchester this year. Hosted by Manchester Digital, the awards …

Jul 2016

Clean Tech firm moves to Wilton Centre following a six figure investment

A company that has developed a low carbon energy storage system has moved into the Wilton Centre in Redcar following significant investment. CRESS Systems has developed an energy recovery and storage system which reduces fuel consumption. The system is specifically …

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 …

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