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Do you have an innovative business idea that could disrupt the market?

Are you looking to scale your business, but don’t know how?

You could access £15,000 as part of the Innovate:Grow programme delivered by Generator and Auxin Services.

This programme is open to innovative businesses of all sectors with exciting new ideas who are serious about growing a successful enterprise.

To access the Innovate:Grow programme, you will be asked to submit your business vision to a panel of experienced investors, business analysts and industry experts.

Following a careful selection process, the chosen businesses will receive a tailored programme of expert business advice from Auxin Services, blending 1-1 coaching with critical peer-to-peer support to refine their innovative product or service for launch and potential investment.

Each business will receive a £15,000 convertible loan. £10,000 for the business to bring their innovation to life, the remaining £5,000 to pay the programme fee.

On completion of the programme, you will have fine-tuned your offering and be in a strong position to confidently pitch your business to investors and engage effectively with potential clients and stakeholders.

The Innovate:Grow programme sets to be different from other ‘Tech Accelerators’ in that it is not a fully rapid response for pre-revenue companies that are looking to develop a single proprietor product for the market place.

This programme is to help potentially scalable, innovative businesses from a wider range of sectors across the region to grow and become more investment ready.

Eligibility Criteria:

You must be able to confirm ALL the following in order to be considered for the programme:

  • Business is registered on Companies House and have been trading (revenue generating) for at least three months
  • You employ <250 people, have a turnover of <€50m and have <€43m on your balance sheet
  • The core business is not within the excluded or restricted sectors (see pdf)
  • Your business is located in the North East LEP area (County Durham, Northumberland and Tyne and Wear, excludes Tees Valley)
  • If your business has benefited from state aid, then the value is <€200,000 over the last three years (rolling)
  • You have a valid business bank account
  • The business is no more than 25% owned by another company/group

The programme has funding from the North East Innovation Fund supported by the European Regional Development Fund, and managed by Northstar Ventures.

Northstar Ventures Limited is authorised and regulated by the Financial Conduct Authority.


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