Supported by the North East Fund, European Investment Bank, and the - - PowerPoint PPT Presentation

• Supported by the North East Fund,

European Investment Bank, and the European Regional Development Fund

• Delivered by Generator & Auxin Services,

funded by NorthStar Ventures

• Innovative idea, product or service
• £10,000 funding package:
• £6,000 to build the initial proposition
• r prototype
• £4,000 to fund the business support

and deliver the outcomes

• Open to any sector

• Limited registered SME (SME definition:

<250 employees <€50m turnover)

• Based in North East LEP (County Durham,

Northumberland and Tyne and Wear)

• Not within the excluded or restricted

sectors

• A valid business bank account

Generator applies innovative business strategies to aid sector growth by outlining a pathway that can take you and your business from Garage to Global.

Success combines a clear strategy enabled by a great team, pursuing a responsive, relevant market with access to effective resources

• A credible and winning strategy to support

the business direction

• Capability to confidently pitch your business

to investors, engage effectively with potential clients, staff, and stakeholders

• Through expert business advice over two

months to prepare the proposition for growth and potential investment

• Purpose: What is the motivation behind the idea?
• Innovation: What needs to be created, developed
• r restructured?
• Adoption: What are the market’s alternative

choices?

• Timeline: What are the key phases of execution?
• Process: Defining a visual business model of the

planned operation

• People: Determine the human involvement and

challenges that may be faced

• Commercial: Derive the financial model for

execution and scaling the business

• Measurement: Consider how success will be

tracked and measured

• Presenting: Develop the story to be told to share

the ambition with stakeholders

• Proposition presentation and video
• Commercial forecast
• Business Blueprint TM visual route-to-

market plan

• Content from all sessions and progress held
• nline
• Support through relevant coaching
• Preparation for OKR development

• Become a member of a cohort of non-

competitive businesses

• Receive coaching, resources and support

from industry experts

• Receive support and encouragement

…your results are down to your own commitment

Auxin helps business leaders define and achieve their goals, and work together to turn ambitious strategies into reality through OKR

• Early Stage Tech Investment firm based in

Newcastle

• Investing in early stage businesses in the region

since 2004

• Team of 7 Investors from very different

backgrounds with extensive networks

• Excellent track record in helping businesses raise

investment from outside sources

• Currently Investing £27m North East Investment

Fund.

• Ability to invest from £10k-750k in first round
• Primarily equity investors though also use

instruments such as convertible loans

• Northstar will provide £10k to each

company by way of a convertible loan

• The loan does not carry interest or require

security (i.e. no PGs)

• If you raise investment the loan plus a 20%

redemption premium will convert into shares on the same terms as new investors

• If after 18 months there is no investment

and the company is trading, the loan and redemption premium will become repayable (i.e.£12k) in equal monthly instalments of £667 over 18 months

• Potential opportunity for further

investment through NorthStar

• 12 September: DEADLINE FOR

APPLICATIONS https://generator.org.uk/services/the- north-east-innovation-fund/apply/

• 13-14 September: Shortlisting
• 18-19 September: One-to-one interviews
• 1 October: Delivery of business support

starts