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

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 …

May 2016

The Northerner’s You Might Not Have Noticed at The Brits.

A start-up based in Newcastle has had a string of early successes with their out of home (OOH) advertising technology, including running a real-time advertising campaign during the Brit Awards. Flux, which has developed a digital advertising platform that allows …

May 2016

Low Carbon Lighting expands into new premise in Northumberland

  LED lighting manufacturer Low Carbon Lighting (LCL) is beginning the financial year with a move to larger premises in Cramlington, following a period of significant growth. The company, which designs and builds energy efficient lighting solutions, will be opening …

May 2016

LyteSpark launches new video conferencing platform following six-figure investment

  An Angel backed start-up has launched a new video conferencing platform this month, following a six-figure investment. The company, which has offices at Google’s Campus London and Newcastle’s Toffee Factory, also received £100k from venture capital firm Northstar Ventures, …

Apr 2016

North East businesses come together to support region’s charitable sector

North East businesses came together last month at an event exploring the support available for the region’s voluntary, community and social enterprise (VCSE) organisations. The North East Investment Readiness Breakfast was held at CastleGate in Newcastle on Tuesday, hosted by regional …

Apr 2016

Northstar Ventures looking to invest £6million in 2016

Venture capital firm Northstar Ventures has today announced it is looking to invest £6million in North East businesses in 2016 from the Finance for Business North East Accelerator and Proof of Concept Funds. With offices in Newcastle and Darlington, the …

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