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

Feb 2015

Logincident secures £260k funding boost

A Gateshead-based technology company has secured a £260,000 investment to help grow its customer base and develop its products.

Newcastle-based digital agency receives £75k venture capitalist investment

A Newcastle-based digital agency is already proving its worth after receiving an investment from a North East venture capitalist late last year.

Jan 2015

North East entrepreneur sees 150% sale increase for cloud-based startup

North East entrepreneur Ross Linnet, CEO of cloud-based web accessibility specialist Recite Me, has announced a 150% increase in sales for the startup company in the past year.

Jan 2015

£2 million investment for Sunderland diagnostic company

Sunderland-based UroSens Ltd, a diagnostic company developing novel, non-invasive urine tests for the detection of prostate and bladder cancer, has announced it has received £2 million ($3.02 million) investment.

Dec 2014

North East venture capitalists weigh in on positive year of investing

Venture capitalists in the North East have lauded 2014 as a positive year for the investing landscape of the region.

Dec 2014

Sunderland’s UC&C secure £250,000 venture capital funding

Communications wholesalers UC&C have secured £250,000 from venture capitalists Northstar Ventures’ Accelerator Fund.


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