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

Dec 2016

Cramlington-based business warming UK homes after £500k investment

A business based in Cramlington is planning a national expansion following £500k investment. The funding comes from the Finance for Business North East Accelerator Fund, managed by Northstar Ventures, which has invested £350k alongside an angel investor. Boilerplan UK supplies …

Dec 2016

Northstar named at CIPR North East PRide Awards in Newcastle

The cream of the region’s public relations scene has been championed at the sector’s annual awards night. More than 160 PR professionals gathered at The Biscuit Factory in Newcastle for the 2016 CIPR North East PRide Awards, which celebrate exceptional …

Nov 2016

Accelerated Digital Ventures (ADV) launches a brand new evergreen venture platform to supercharge the UK’s digital technology businesses

Funded by British Business Bank, Legal & General, and Woodford Investment Management   Today marks the launch of Accelerated Digital Ventures (ADV), a new venture platform that will fund all stages of the digital technology business lifecycle, from entry to …

Oct 2016

Northstar Ventures welcomes Jane Reynolds as Business Development Manager

Regional venture capital firm Northstar Ventures has appointed Jane Reynolds as its new Business Development Manager. Jane will be looking to develop partnerships with businesses, local authorities and support providers across the North East. Northstar Ventures, whose investments focus on …

Sep 2016

Kykloud appointed to deliver the IT Solution for the Education Funding Agency’s Condition Data Collection Programme

  North Shields based Kykloud has been chosen to deliver the IT solution for the most comprehensive condition data collection exercise planned by the Education Funding Agency – one of the largest ever undertaken in the UK public sector. The …

Sep 2016

Tech-for-Good platform used to support entrepreneurship in the North East

  Following a six-figure investment in GoRaise, regional venture capital firm Northstar Ventures has begun using the platform to support entrepreneurial aspirations in the North East. Newcastle based start-up GoRaise launched a socially-driven cashback platform towards the end of 2015 …

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