The commercialisation partnership has launched a $2.2m seed fund for its spinouts ahead of a larger vehicle that will target $125m to bolster the regional ecosystem.
Northern Accelerator, the regional commercialisation alliance between the universities of Durham, Newcastle, Northumbria and Sunderland, has raised a £1.7m ($2.2m) seed fund to invest in its spinouts.
Venture capital firm Northstar Ventures will manage the fund with the aim of widening the supply of early-stage capital for businesses formed by its member universities.
The news comes as Northern Accelerator aims to seed a $125m vehicle, also to be managed by Northstar and named Northern Universities Investment Fund, that…
