The Northern Accelerator partnership of Durham University and Newcastle University has helped set up Atelerix, a human cell storage developer.

­Newcastle University has spun out Atelerix, a UK-based developer of human cell storage that relies on a gel made from seaweed, with the support of the Northern Accelerator.

The accelerator, part funded by the European Regional Development Fund, was established in April 2017 by Newcastle and Durham universities to drive the creation of technology spinouts. It makes up to £25,000 ($33,000) available per project for commercialisation.

Atelerix is Northern Accelerator’s portfolio company. The aim is to generate 15 companies by…