, which is funded by the ERDF, has so far invested pounds 20m in 33 of the region's science and technology businesses and has also attracted funding far beyond the boundaries of the North East.
For more information on the North East Proof of Concept Fund or Co-Investment Fund (CoIF
), contact NorthStar Equity Investors on 0191 211 2312 or visit www.northstarei.com
The POC fund recently celebrated its 100th investment and the COIF
team has completed deals worth more than pounds 16m.
was set up with money from the European Regional Development Fund (ERDF) and aims to attract a further pounds 28m from co-investors.
team of four fund managers hit its first anniversary in January this year having sealed 12 deals, worth just over pounds 10m.
As they hit their first anniversary, the COIF
team have sealed 12 deals, worth just over pounds 10m, with legal advice from Newcastle-based firm Ward Hadaway for all the investments.
Our pounds 23m Co-Investment Fund (COIF
) is also managed by NSEI and we have a first-class technology team in place here, based in Newcastle.
Since its inception, NSEI has invested in over 90 POC and eight COIF
Fair trade and partnerships are at the heart of our business operations and the COIF
funding will help us to develop revolutionary new e-based solutions and products for ethical companies and consumers."