Tech accelerator opens applications to help North East entrepreneurs access global investment

North East tech entrepreneurs are invited to apply for Ignite’s latest accelerator programme. The 8-week programme will enable successful applicants to receive bespoke investment coaching and expand their connections with a funded trip to the United States.

The programme opens up global investment opportunities by surrounding North East founders with experienced mentors who have raised “significant rounds” of investment themselves. It will also leverage Ignite’s global network of investors to help founders create new connections.

The accelerator, which runs from September to November 2022, is part of a series of programmes Ignite has committed to delivering in the region, and is funded by the North of Tyne Combined Authority.

Jo York, programme manager at Ignite, commented: “I’m really excited to introduce founders to international investment opportunities. With the 2022 Accelerator, we have 8 spaces available for teams who are looking to raise investment to help them grow and compete on a global scale.

The contents of the programme will be shaped around the needs of the founders, and what they need to scale their businesses. We’re looking for founders who have already validated their models, meaning that they are either in-revenue or have successfully validated their market.

“If you’re not sure whether that’s you, or if you have any queries about the programme, please don’t hesitate to reach out before applying. I’m always up for a cup of tea and a chat!”

The Accelerator follows the completion of Ignite’s 2022 Pre-Accelerator programme, which saw 15 startups validate and test their businesses over a period of 5 months. Ignite has been running accelerators for over 10 years, with more than 300 companies supported across its programmes.

Alumni companies have raised more than £150m, with recent successful raises including Sidequest (raised $3m), Cloudsmith ($15m) and Machinery Partner ($4.5m), with investors joining their rounds from across the UK, Europe and the US.

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