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

Mar 2014

Ignite launches new accelerator programme

Ignite, one of Europe’s most successful accelerator programmes for early-stage digital businesses, is on the hunt for a new batch of teams to participate.

Mar 2014

Orchid Software set to blossom with £600,000 investment

Gateshead-based intranet software provider Orchid Software has received an investment of £600,000 from the Finance for Business North East Accelerator Fund.

Mar 2014

Northstar-backed AGM float showcases importance of a supportive investor

The role of Northstar Ventures in supporting innovative businesses in the North East is under spotlight as one of its early-stage investments floated in the Alternative Investment Market.

Feb 2014

Expansion plans for Agile Group after six-figure investment

A Stockon-based IT and communications service provider is to embark on major expansion after receiving a six figure investment.

Feb 2014

Thrive to expand after Northstar investment

A Newcastle-based software company has secured a £200,000 investment from Northstar Ventures.

Dec 2013

North East wind turbine installer receives £100k investment

A North East installer of small and medium wind turbines has received a £100,000 investment.

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