Provided by Invest Northern Ireland, E-Synergy Ltd manage the £14 million Northern Ireland Spin Out (NISPO) initiatives, which support start-up and early stage businesses. The support includes a £7 million venture capital fund, the Invest Growth Fund, which focuses on seed and early stage businesses with high growth potential. NISPO also includes a £5 million proof of concept fund, the Invest Growth Proof of Concept Fund, which provides grant funding to very early, non-university projects. The remaining £2million supports spin out companies from both Queens University Belfast and the University of Ulster.
Funding rounds will typically be in the range of £50k to £250k. Pre-commercial grants of up to £10k or up to £40k are also available.
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