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

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 …

Aug 2016

‘Without regional investment we wouldn’t have raised £25m’ says Fairstone’s CEO

The CEO of Financial Management firm Fairstone has praised regional investment as a key factor in the company’s growth. Lee Hartley, who recently oversaw a £25m investment from Synova Capital, described the early stage investment he received from the JEREMIE …

Aug 2016

£870k Investment Sees Safety Enhanced in Tees Valley

A not-for-profit organisation that delivers crime and community safety programmes, has received £870,000 investment, spread over 3 years, to develop and improve their activities in the Tees Valley region. The funding comes from the North East Social Investment Fund, managed …

Aug 2016

Northstar Ventures to offer financial drop-in sessions

Businesses in Sunderland and Darlington that want to explore opportunities to raise finance can now benefit from free business advice from Northstar Ventures. The venture capital firm has partnered with Sunderland Software City and Business Central Darlington to provide informal …

Aug 2016

Big Gains for Natural Nutrients following £125k investment

  An all-natural supplement company has ambitious growth plans following an investment of £125k from the Finance for Business North East Proof of Concept Fund, managed by Northstar Ventures. Natural Nutrients, based on the Drum Industrial Estate in Durham, has …

Aug 2016

Prop-tech firm Clixifix received investment to fund expansion

Clixifix, a Spennymoor-based company developing digital solutions for the building and construction industry, has received a six-figure investment to fund its expansion. £260k of the investment comes from the Finance for Business North East Accelerator Fund, managed by Northstar Ventures, with the rest from an Angel Investor.

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