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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 2014

£350,000 investment for Newcastle tech start-up business SoPost

A young entrepreneur from Gosforth, Newcastle, has ambitious plans for his fledgling start-up after securing more than £350,000 of investment.

Jul 2014

Blyth renewable energy firm secures £200k investment

Renewable energy company, Solar Capture Technologies, has secured a £200k investment from Northstar Ventures’ Finance for Business North East Proof of Concept Fund.

Jun 2014

Atlas Cloud secure £350k venture capital money to fuel growth

Newcastle-based IT services outfit Atlas Cloud has secured £350k investment from Northstar Ventures and private investors.

Jun 2014

Newcastle-based TV app firm secures £350,000 investment

i-Spy Digital has received the backing of Northstar Ventures for an app that makes life easier for the elderly, disabled and housebound

May 2014

Northstar makes green investments

Investment company Northstar Ventures has revealed it has provided almost £1m in funding to North East businesses involved in energy saving technology.

May 2014

Startup SpecifiedBy closes funding round

SpecifiedBy is another UK startup applying social media approaches to construction industry communications, and has closed its seed funding round.

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