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2nd April 2020

North East’s first social enterprise incubator launched

The North East Business and Innovation Centre (BIC) has launched the region’s first social enterprise incubator – designed to nurture entrepreneurs who want to use business as a force for good. 

Innovate for Good is a facility designed to hothouse entrepreneurs who share an aim to change the world for the better with their ideas, products, processes or services. 

Based within the BIC’s new Innovation Zone at its Sunderland business park, the incubator is designed to provide the collaborative working space, practical tools and specialist support to stimulate new ideas and solutions to challenges of today’s world. 

2nd April 2020

Smart Separations to collaborate with University of Surrey on SPRINT-funded project

Smart Separations, a leading specialist in innovative microfiltration (MF) technology, has signed up to the national SPRINT business support programme. SPRINT will provide Smart Separations with funded access to expertise from programme partner, the University of Surrey, to collaborate on the development of a unique approach to producing monopropellant thrusters for small satellite launches.

1st April 2020

Good Food Fund launches to back challenger brands fighting childhood obesity

Big Society Capital and Guy’s and St Thomas’s Charity have partnered to fund Good Food Fund, a new Accelerator and Venture Fund which will be backing food and drink challenger SME and start-up brands to help tackle childhood obesity. Business owners are invited to apply for a cut of the £1.8m Good Food Fund to come together in the fight against childhood obesity. The prototype fund will provide business support and allocate finances to brands committed to bringing healthier children’s brands to market. The Accelerator will be run by Mission Ventures and the Venture Capital Fund will be managed by Ascension Ventures.

1st April 2020

Qarnot Computing raises €6 million to accelerate growth

A syndicate of investors including Banque des Territoires, Caisse des Dépôts, Engie Rassembleur d'Énergies, A/O PropTech, and Groupe Casino, have invested 6 million in Qarnot Computing to support its future growth. 

1st April 2020

Gilde Healthcare closes $450 million venture and growth capital fund

Gilde Healthcare has closed its $450 million venture and growth capital fund Gilde Healthcare V. The new fund, which was oversubscribed, targets growth opportunities in a broad range of healthcare sectors including digital health, medtech and therapeutics both in Europe and North America. The fund will have a special attention for private healthcare companies enabling improved care at affordable cost.

31st March 2020

Air Doctor Raises $7.8 million led by Kamet Ventures

Air Doctor, a technology platform providing a global medical outpatient network that connects travelers with local doctors, has raised a Series A funding round of $7.8 million from Kamet Ventures – the AXA-backed venture builder – and The Phoenix Insurance Company.

31st March 2020

Kernel Capital funds €1.2 million investment in Code Institute

Kernel Capital through the Bank of Ireland Kernel Capital Growth Funds II and Infinity Capital have led a €1.2m investment in Code Institute, a global EdTech provider. Founded in 2015 to tackle the widening ICT skills gap across Europe, Code Institute is now a leading global provider of online coding education with customers including BT, Facebook, Google and Hubspot. 

31st March 2020

Emma Bridgewater secures £8 million investment from BGF

Iconic British ceramics brand Emma Bridgewater has secured an £8m investment from BGF, the UK and Ireland’s most active investor in growing businesses, to support further UK growth and international expansion.

30th March 2020

AVS signs up to SPRINT to develop greener satellite propulsion systems

Added Value Solutions (AVS) Ltd, a world-leading designer and developer of bespoke equipment for large science and research infrastructure, has signed up to the national SPRINT business support programme to develop new valve technology for water-based satellite propulsion systems. AVS will work collaboratively with SPRINT partner, The Open University, on a project that will focus on delivering cleaner and greener alternatives to chemical propulsion systems for satellites, through the use of water.

30th March 2020

NPIF – Mercia Equity Finance invests £650,000 in GI UK Medical

A new medical device supplier which aims to offer UK hospitals the latest innovations from around the world has secured a £650,000 investment fromNPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund.

27th March 2020

Banking alternative fintech company Lanistar launches with £2 million seed funding

Lanistar, a new banking alternative fintech company, has launched after securing £2m seed-funding. The company, which is based in Hammersmith, formally launches with over 45 fulltime staff, with a further 150 support staff due to be added, and is founded by serial entrepreneur Gurhan Kiziloz who has stated his ambition to create a £1bn fintech company and challenge traditional banking services.

27th March 2020

Leading UK FinTech VoxSmart receives £5.5m funding from NatWest

VoxSmart, the global leader in communications surveillance technology for Financial Markets, has completed a strategic funding round of £5.5m ($7.2m) from NatWest. 

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