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

Oct 2014

£6m Available for NE Companies

Northstar Ventures is planning to invest in more than 20 North East companies in the next 18 months after being named as one of the UK’s most active investors.

Oct 2014

Prolific North East entrepreneurs join forces to disrupt the online voucher space

Three prolific North East entrepreneurs have joined forces to launch a new app which promises to take the online voucher space by storm.

Affinity Systems targets job creation a year on from investment

A Sunderland-based IT service provider is looking to create jobs and build on its recent success a year on from securing £100,000 of funding from the Finance for Business North East Proof of Concept (POC) Fund, its founder has told Insider.

£100,000 funding boost for recruitment agency

Adept Professional Services Ltd, in Hartlepool, whose clients include blue-chip businesses, received the funding from Northstar Ventures’ Finance for Business North East Accelerator Fund.

Aug 2014

Newcastle’s Northstar Ventures listed among most active tech VCs

Newcastle’s Northstar Ventures has been featured on a list of the top 10 most active venture capitalists in the UK.

Aug 2014

Data Shows Which UK VCs Have Been The Most Active In The Last 5 Years

TechCrunch, August 2014 It was only at the end of last month that new data appeared showing that fundraising by European startups was emerging from the bad old days of 2001. Dow Jones VentureSource reported that they’d raised more than $2.8 billion …


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