North East Accelerator Fund - £20 million
The North East Accelerator Fund invests in high growth, innovative early stage businesses in any eligible sector and will complete investments of between £100k and £500k, with the maximum investment into any one company being limited to £750k per year. The Fund will invest in companies and pre-start enterprises at an early stage of their development i.e. predominantly at the start-up and seed capital stages.
The Fund is targeted at businesses located, or those with substantial operations, in the North East of England. It will also invest in businesses that are willing to relocate to the region.
The North East Accelerator Fund invests on a strictly commercial basis, syndicating its equity deals with private sector investors ranging from individual angels to international venture capital houses and corporate investors. Debt or quasi-equity investments will be made where appropriate.
To qualify for investment the opportunity should posses the following characteristics:
- a strong management team with the ability to grow the company quickly;
- a focus on under-served, growing and potentially substantial markets;
- products with international potential;
- a scalable business model; and
- market-driven rather than technology-led development.
The North East Accelerator Fund is backed by the European Investment Bank, One North East and European Regional Development Fund.
Please see our Investment Process if you are interested in seeking investment finance.
