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’s investments will generally be in convertible loan or Equity form, £20k to £100k, but it has the ability to complete follow-on investments above this level. The Fund is available to eligible technology businesses located, or with substantial operations, in the North East of England. Northstar Ventures, the company managing the Fund, also seeks to invest in businesses that are willing to relocate to the region.
The Fund supports the very early stages of business creation within the technology sector. Northstar works with the region’s universities, Centres of Excellence, individual entrepreneurs, technology startups and SMEs to develop new businesses or to fund specific, innovative commercial opportunities
Who can apply?
Existing businesses, start-ups or universities who possess the following characteristics: • A credible management team. • A focus on under-served, growing, and potentially substantial markets, and a scalable business model. • Proprietary technology with a strong IPR and a defensible technological advantage over the competition. • Market-driven rather than technology-led development. This is available until 31/12/2014
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 299 2770
Fax: 0191 229 2795
Email: sophie@northstarventures.co.uk
www.northstarventures.co.uk
