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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

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 …

Aug 2014

Solar panel firm powers forward into the future

The future is bright for Solar Capture Technologies (SCT), a new solar energy firm that dares to be different and make its own systems.

Jul 2014

Top Table for Kykloud

No 10 Downing Street will be hosting the first Pitch 10 event this Thursday to showcase some of the UK’s best digital businesses with North Shields-based Kykloud selected to take part.

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.

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