The Northern Accelerator project aims to attract experienced, dynamic business leaders to work with University spin-out ventures at an early stage, working alongside the founding academic and technology transfer offices to develop and lead a strong management team to take the business forward.
The ultimate objective of the project is the creation of a new innovation based eco-system where talented business leaders will be attracted to high technology, innovative commercial opportunities both created and developed in the north east of England.
The fund makes available up to £30k per opportunity. This, together with a typical "sweat equity" package, aims to broaden the attractiveness of this start-up role. The contracted executives will develop the business plan, make the company investor ready and raise the investment funds to enable him / her to take the business forward.
How to Connect with the Project
1. Go to https://procontract.due-north.com/Opportunities/
2. In the “search” box in upper right corner, type in 1246 (this is the project’s reference number)
3. This will bring up the tender advert. In the upper right corner is a green button which says “login and register interest in this opportunity”. Click that and follow the instructions.
Please Note. When asked for company details, if you are not representing a company, enter your own contact details and in the next tab, enter ‘sole trader’ in the classification section.
The universities will publicise individual spin-out opportunities as they arise.
Who to contact
Newcastle University: David Huntley email@example.com or 0191 208 5859
Durham University: Michael Bath firstname.lastname@example.org or 0191 334 3205
Where the funding comes from
The project is part-funded by the European Regional Development Fund (ERDF).