North East Innovation Fund Overview
The North East Innovation Fund is a £30 million fund designed to invest in early-stage innovative companies at the pre-revenue and seed funding stages in North East England. It offers both equity and mezzanine finance, with investments structured as approximately 80% convertible loan and 20% equity for Proof of Concept investments, and around 80% equity and 20% debt for seed-stage investments. The average investment amounts are approximately £130,000 for Proof of Concept and £330,000 for seed-stage investments.
Is North East Innovation Fund the right investor for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with North East Innovation Fund, along with a list of other relevant VCs, is available on Hopohopo.io.
North East Innovation Fund
Investment focus
Invest in
- Western Europe 1 / 14
Product type
- Software
- Hardware
- Software-enabled hardware
- Materials
- Drugs / Pharma
Industries / verticals
- BioTech & Life Sciences
- Digital & Consumer health
- Energy
- Engineering / Manufacturing
Investment role
Lead and follow
Stages
Pre-seed, Seed
First ticket size
£130,000 - £330,000
Contact information
Monitoring Officer
Loveness M.
Director and Company Secretary
Alastair Smith
Marketing Manager
Bethanie Wardell
How to approach funds like North East Innovation Fund
When approaching the North East Innovation Fund, founders should highlight how their solution addresses a clear market gap and demonstrate strong potential for regional impact and scalability. Emphasize a well-defined path to commercialization and early traction, even if pre-revenue, as well as a credible plan for follow-on funding. Articulate how your team’s expertise and local connections position you to execute effectively within the North East ecosystem.
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