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

Jun 2015

Businesses told how North East is leading way in social investment

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

Jun 2015


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

Substantial fund investment for RecruitmentForce

North East recruitment software specialists HRS Powered by RecruitmentForce are implementing ambitious development plans with the help of a £250,000 investment.

Jun 2015


A six-figure investment has helped to more than double the workforce and drive innovation at North East communication company Beyond Digital Solutions.

May 2015

Appointments: Peter Gilson to manage North East Social Investment Fund

The Journal May 2015 One of the North East’s most experienced investment managers has been chosen to run a new, social enterprise fund. Peter Gilson, investment manager at Northstar Ventures, has been appointed to manage the £9m North East Social …

Fit Gurus close £200,000 of investment including funds from top investment syndicate

On-line fitness start-up Fit Gurus has closed £200,000 of investment to grow its workout delivery platform.The Newcastle-grown business, which has recently graduated from the Ignite100 accelerator programme, has raised £100,000 of the funding from the AngelList syndicate of investors.


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