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 2015

Northstar Ventures leads investment round into Smart Money People

July 2015 Teeside-based financial review platform Smart Money People has received £150,000 funding from Northstar Ventures and the 23Mile Fund. Smart Money People is the UK’s only customer experience and review platform focused on the financial services industry. It allows users …

Jul 2015

Children’s activity company secures six figure funding to boost growth

July 2015 A six-figure investment from Northstar Ventures’ Accelerator Fund will help local entrepreneur Andy Stephenson to develop his Weekend Box business over the next two years. The start-up offers parents a selection of educational, engaging activities and materials, delivered …

Jul 2015

Blyth tech company features at Innovation Showcase

Blyth-based Solar Capture Technologies is exporting its renewable energy technologies worldwide.

Jul 2015

The world leader from Dunston that is revolutionising the car sales industry

Chief executive of Zerolight, Darren Jobling, discusses the Dunston company’s swift rise to Audi ‘visualisation partner’

Jun 2015

Northstar Ventures launches new Social Investment Fund

Regional organisations were given an introduction to the £9m North East Social Investment Fund at event run by Northstar Ventures

Jun 2015

Atlas Cloud completes investment round

Newcastle-based IT services company Atlas Cloud has completed a £1.5m investment round to fuel further growth.

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