Newspaper article The Journal (Newcastle, England)

Tech Businesses Make a Pitch for Investment; Event GRAEME WHITFIELD Graeme.Whitfield@ncjmedia.Co.UK

Newspaper article The Journal (Newcastle, England)

Tech Businesses Make a Pitch for Investment; Event GRAEME WHITFIELD Graeme.Whitfield@ncjmedia.Co.UK

Article excerpt

AGROUP of science and technology entrepreneurs from the North East have pitched to investors in London at an event which aimed to close the region's funding gap.

A total of 11 businesses took part in the Entrepreneurs of the North event, which saw them meet 75 Londonbased investors who were actively seeking new companies in which to invest.

The investors ranged from angel investors interested in early stage ideas through to large international funds. There was also representation from Asian and US-based funds.

The event was organised by Innovation SuperNetwork North East England as part of FinanceCamp, with support from the UK Business Angels Association and the Knowledge Transfer Network.

Simon Green, executive director at Innovation SuperNetwork, said: "We work every day with exciting North East businesses, from tech start-ups to established manufacturers, who have enormous ambition and potential but struggle to raise the funding they need.

"While there is access to a range of funding at early stages, there is a lack of options for that crucial next stage. This event was all about broadening the options available to high-potential entrepreneurs to allow them to effectively grow and scale their businesses by accessing the critical mass of investment that is accumulated in the capital.

"We're really looking forward to hearing about successful deals in the coming months and hope we've succeeded in convincing investors it's worth their while continuing a relationship with us so we can introduce them to more exciting businesses at FinanceCamp and VentureFest."

The North East businesses taking part in the event were identified through VentureFest North East and FinanceCamp. Their businesses cover a wide range of sectors including life sciences, education, digital, healthcare and human resources. …

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