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 2015

FrightFest 2015: Success as North East feature film receives European Premiere

A feature film shot in the North East will have its European Premiere on 29th August as part of Film4’s FrightFest. Estranged, a twisted psychological drama, has been selected to be screened during the 5-day film festival in London’s West …

Aug 2015

Northstar Ventures invests in child safety firm BrandAmi

Gosforth-based entrepreneur Ami Davies has secured an investment from Northstar Ventures to develop prototypes of her child safety product. My Little Explorer wristbands use low energy bluetooth technology to sync with an app on parents’ phones. Parents are able to set …

Jul 2015

Northstar Ventures leads investment round into Smart Money People

July 2015 Teesside-based financial review platform Smart Money People has received an investment from Northstar Ventures and the 23Mile Fund. Smart Money People is the UK’s only customer experience and review platform focused on the financial services industry. It allows users …

Jul 2015

Children’s activity company secures funding to boost growth

July 2015 An investment from Northstar Ventures’ Accelerator Fund will help local entrepreneur Andy Stephenson to develop his Weekend Box business over the next two years. The start-up offers parents a selection of educational, engaging activities and materials, delivered fortnightly. …

Jul 2015

Blyth tech company features at Innovation Showcase

Blyth-based Solar Capture Technologies is exporting its renewable energy technologies worldwide.

Jul 2015

The world leader from Dunston that is revolutionising the car sales industry

Chief executive of Zerolight, Darren Jobling, discusses the Dunston company’s swift rise to Audi ‘visualisation partner’

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