Regional Angel Investment Accelerator

The Northern Regional Angel Investment Accelerator (RAIA) programme has launched as one of three pilot programmes, funded by Innovate UK.

Led by the North East Business and Innovation Centre (BIC), the Northern Regional Angel Investment Accelerator is delivered by the Innovation SuperNetwork and North Invest in partnership with the UK Business Angels Association.

The £1m from Innovate UK is to encourage Business Angels in the region to bring investment and expertise to pioneering innovative small and medium companies across the North East.

What can the funding be used for?

The aim of this pilot funding programme from Innovate UK, as part of UK Research and Innovation, is to increase the pool of regional angel investors prepared to consider investing in earlier stage, ambitious, innovative businesses in the regions.

The funding will be used to identify suitable investment opportunities and investors, as well as provide grants to businesses to deliver innovation projects with a view to longer term business angel involvement and future commercial success.
What funding is available?

Successful businesses will receive a grant of up to 50% of the costs of a specific innovation project, which lasts up to 12-months and have total project costs between £40K and £300K.

Concurrent Angel investment in the business will allow businesses to meet the rest of the costs and grow the business beyond the project.

Download funding guidelines for more information.
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How do I apply to take part?

Business Angels, either based in the North East or seeking to invest in the North, and small or medium sized businesses undertaking R&D projects in the North East, should send a completed expression of interest form to jordan@supernetwork.org.uk.

Download the expression of interest form below.
Learn more

Want to learn more?

If you are a Business Angel who would be interested in finding out more about this project please contact, Jordan Dargue.

Regional Angel Investment Accelerator Partners



Partners

Full list of partners