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

May 2016

LyteSpark launches new video conferencing platform following six-figure investment

  An Angel backed start-up has launched a new video conferencing platform this month, following a six-figure investment. The company, which has offices at Google’s Campus London and Newcastle’s Toffee Factory, also received £100k from venture capital firm Northstar Ventures, …

Apr 2016

North East businesses come together to support region’s charitable sector

North East businesses came together last month at an event exploring the support available for the region’s voluntary, community and social enterprise (VCSE) organisations. The North East Investment Readiness Breakfast was held at CastleGate in Newcastle on Tuesday, hosted by regional …

Apr 2016

Northstar Ventures looking to invest £6million in 2016

Venture capital firm Northstar Ventures has today announced it is looking to invest £6million in North East businesses in 2016 from the Finance for Business North East Accelerator and Proof of Concept Funds. With offices in Newcastle and Darlington, the …

Mar 2016

SaaS Marketing Technology start-up raises over €1 million investment to support international expansion

A technology company that helps brands engage with customers both online and offline recently raised over €1 million of investment. Verticly, which currently has offices in London and Newcastle, will be continuing its international expansion following the raise. The company …

Feb 2016

The sky’s the limit for VREO

A North East based company that manufactures USB3.0 interfaces for a range of cameras has reached a key milestone, following a 6-figure investment from the Finance for Business North East Accelerator Fund. Vision systems manufacturer VREO Innovation Ltd has brought …

Jan 2016

Supporting social enterprise and investment in voluntary organisations in Cumbria

In a region where there has been such a difficult start to the New Year there has been some good news, thanks to Northern Rock Foundation, which has announced a further 2 years funding for a Fund set up to …

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