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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

Blackfinch Spring Venture Capital Trust raises £3.3 million

Blackfinch Group's Blackfinch Spring VCT has raised over £3.3 million to invest in a portfolio of technology and technology-enabled companies, since its launch in December. The Spring VCT has been a natural follow-on funder for the Blackfinch Ventures EIS Portfolios, which invests in technology-focused companies at the start of their growth journey.

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.

2nd April 2020

EISA survey aims to show real impact of COVID-19 on small business fundraising

You can help.  The EIS Association is collecting evidence to replay to the Government to show them the affect current situation is having on small businesses who are struggling to fundraise as a result of the pandemic crisis.  Please take the time to complete the short survey. 

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.

1st April 2020

The race for a vaccine: fund mangers comment on the prospects for combating coronavirus

With vast swathes of the world in lockdown, the one question on everyone’s minds is how long will it take to develop a vaccine against COVID-19? The Association of Investment Companies (AIC) has spoken to investment company and VCT managers about the prospects for a vaccine and how their portfolio companies are contributing to the fight against coronavirus.

1st April 2020

Tech accelerator BetaDen announces 2020 cohort

BetaDen, Worcestershire’s dynamic commercial technology accelerator, has selected the next eight emerging technology entrepreneurs to join them for cohort 3.0, starting June 2020. 

31st March 2020

Symvan investee company UnderPinned hits £500,000 crowdfunding target

Symvan investee UnderPinned has hit its £500,000 crowdfunding target. The freelance career platform, launched its crowdfunding campaign on Crowdcube less than two years after launching and has so far raised just under £1.5 million.  UnderPinned provides freelancers with a one-stop career management platform, covering everything from building a portfolio and creating watertight contracts to automating invoices and payments. Members are also granted access to partner services through Open Banking, including Digital Risks, which offers self-employed insurance and 24/7 legal counsel.

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

One Stop Business Finance boosts Yorkshire business development team

Yorkshire based SME funding specialist One Stop Business Finance has expanded its client servicing team with the appointment of Carey Scargill as Business Development Manager for South and West Yorkshire.

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