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

Nov 2015

Six Figure Investment Helps Solar Angel Fly Higher

A £200,000 investment package is helping a young North East company take the development of its pioneering solar energy panel on to the next exciting stage. The Solar Angel, designed by Consett-based Natural Technology Developments, has been described as the …

Nov 2015

Advancements at online skills assessment service see new jobs for Sunderland

A provider of online skills assessment for the technology industry has experienced rapid growth in its first year, leading to the recruitment of 10 staff in Sunderland. Technically Compatible recently introduced new developments to its testing platform which has not …

Newcastle based start-up that makes paying bills easier receives six-figure investment.  

A Newcastle University graduate recently received a six-figure investment to help grow his start-up business. The company aims to help tenants, landlords and letting agencies manage bills more easily in shared rented accommodation. Chris Dawson co-founded One Utility Bill after …

North East collaboration wins national contract for homeless

An innovative fund that supports young people and has brought together several organisations across the North East is proving to be a huge success. The Fair Chance Fund focuses on providing accommodation, training and employment opportunities for vulnerable young people. …

Oct 2015

North East Social Investment Fund makes its second investment to support Substance Misuse Recovery Service

A Sunderland-based Substance Misuse Recovery Service has received an investment of £100k to enable it to undertake a new national government contract. The charity Achieve with NERAF will use the funding to help deliver its programmes of recovery and support …

Sep 2015

Newcastle Training Firm receives six-figure investment

Newcastle University Spin out company Video Enhanced Observation (VEO) have received a six figure investment from Northstar Ventures.


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