Ignite Accelerator 2019 opens for North East England startups
by Startacus Admin
North East of England entrepreneurs and startups take note! The Ignite accelerator, a 6 month remote accelerator for MVP stage founders or teams is back. So, if you’re looking to gain valuable industry support, scale your business, potentially raise further investment and you’ve a business presence in the North East of England - bingo, read on...
This September, Ignite completed their first ‘Ignite 2.0’ remote accelerator model, with 12 quality high-tech startup alumni, including startups we’ve feature on Startacus 
previously, such as Happity, Prolifiko, and theWebShed with their SEO for startups platform Hike SEO.
Alongside this, the busy North East England Ignite team have been working with 20 tech businesses on their new North East England pre-accelerator programme. With a diverse cohort (Nb. 40% female founded and founders ranging in age from early 20s through to mid 60s) we look forward to sharing more news on some of those 20 selected early-stage startups pretty soon.
Now the Ignite team are back on the hunt and looking to recruit for their full remote accelerator programme.
Ignite are looking for startups and founders who want to solve (or already solving) real-world problems with innovative tech-led ideas. Tapping into the North East’s world-class expertise in both data and ageing, they are also keen to talk to founders looking to work on ageing-related or data-driven issues.
This time the accelerator is open to companies based, or with a material presence, in the North East (County Durham, Northumberland and Tyne and Wear) or be a business that is willing to relocate to the North East.
Funded by The North East Innovation Fund, which is supported by the European Regional Development Fund, and Accelerated Digital Ventures, the programme offers the startups £25k net (equity) investment from seed-stage VC funds Northstar Ventures and ADV, in exchange of 6% equity, of which 5% goes to the investors and 1% to the Founders Co-operative.
The total investment is actually £40,000, of which £15,000 covers the cost of the programme - so each company ends up with £25,000 to spend.
Startups will also get £100,000+ in programme perks from their programme partners (who include Amazon, Stripe, Revolut and many more) and access to their global network of founders, investors and mentors.
Aiming to help startups scale, define routes to market, get businesses closer to product/market fit and help you build your networks, the 6 month programme runs remotely for three weeks of every month, with Ignite delivering their Startup MBA course digitally alongside the programme mentors and partners.
Then, every fourth week, the programme goes ‘in-person’ with an event held in cities across the North East (with one held in London) alongside the Ignite portfolio, their programme team, mentors and partners.
To qualify for the programme, you must also be based/ have a material presence in the North East (County Durham, Northumberland and Tyne and Wear), or as a business be willing to relocate.
Each founder/team must have a UK LTD company (with a UK business bank account), less than 250 employees and balance sheet total less than €43 million and / or turnover <€50 million. Of course if you’ve turnover just shy of €50 mill, you might not need to go on the programme anyway!
For more information on this fab opportunity read over this blog post care of Programme Director Wil Benton, visit the ignite.io website to read over FAQs and info further, and click here to apply immediately!
Good luck to all whom apply!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
The lowdown on FuturePlus, the startup that's on a mission to make sustainability accessible, achievable and affordable for all businesses.
.jpg)
John McLachlan, author and co-founder of Monkey Puzzle Training & Consultancy examines the differences between action-oriented and reflective leaders and which approach is best.
The fitness app that's not just about physical fitness; GoJoe helps employers to engage, motivate and connect their people across all pillars of wellbeing.
Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
London-based startup Deep Render tackles the internet’s data and bandwidth challenges via its innovative AI-powered file compression technology.
The lowdown on Dublin-based startup and NUI Maynooth spin-out Neuromod Devices and its innovative evidence-based bimodal neuromodulation treatment for chronic tinnitus.
.jpg)
With the clear shift towards generative AI, Richard Hayes, search director at digital marketing agency Catalyst explores what it means for SEO...
Published on: 16th November 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
- L Marks Seeking Startups and Scaleups for Sodexo Healthcare and Seniors Accelerator 23rd May 2023 Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
- United Utilities Innovation Lab launches call-out for innovative ideas for fifth programme 18th May 2023 Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
- OneTech Spins Out from Capital Enterprise to Support Underserved Communities in Tech Across the UK 18th May 2023 Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
