A Biotechnology firm which has pioneered technology that will advance stem cell research and could lead to a cut in the number of medical tests on people and animals has won £1.6m of investment.
Reinnervate has been researching its...
What is the focus of the Fund?
The Fund invests in high growth, innovative early stage businesses, with individual investments ranging in size from
£100k to £750k. The Fund is managed by Northstar Ventures; a Newcastle-based venture capital company that specialises in investing in early stage opportunities. Investments are generally equity-based deals, and are often syndicated with private sector investors, including business angels, institutional investors and corporates. Debt or quasi-equity investments will be made where appropriate. Northstar seeks to invest in companies located, or with substantial operations in the North East of England, or those that are willing to relocate to the region.
Who can apply?
Early stage SMEs in most sectors who possess the following characteristics:
• A strong management team with the ability to grow the company.
• A focus on under-served, growing and potentially substantial markets.
• A scalable business model.
• Market-driven rather than technology-led business plans.
Where can I get more information?
The Fund is managed by:
Northstar Ventures Limited
5th Floor, Maybrook House
27-35 Grainger Street
Newcastle upon Tyne NE1 5JE
Tel: 0191 229 2770
Fax: 0191 229 2795
Email: sophie@northstarventures.co.uk
www.northstarventures.co.uk
Type - Equity
Area - North East England
Target - SMEs and Start-ups
Availability - To 31/12/2014
