Northern Accelerator

Northern Accelerator is a collaboration involving Durham, Newcastle, Northumbria, Sunderland, Teesside, and York Universities. Founded in 2016, it aims to transform research commercialization in North East England, addressing regional economic imbalances and strengthening the local knowledge economy. The organization supports academics and business leaders in creating spin-out businesses from academic research, which contribute to job creation and investment in the region.

Northern Accelerator focuses on supporting the commercialization of research through the establishment of spin-out businesses. It provides funding and resources to academics and business leaders, facilitating the development of sustainable businesses that create jobs and drive economic growth. The organization has funded 146 pre-incorporation projects and has trained 403 academics in impact and entrepreneurship.

Northern Accelerator offers mentorship, funding, and resources to support the commercialization of academic research, helping to create sustainable businesses that contribute to economic growth.

<p><strong>What are the eligibility criteria for Northern Accelerator?</strong></p><p>Applicants must be academics or business leaders looking to commercialize research, particularly in the biotech and healthcare sectors.</p><p><strong>How does the application process work?</strong></p><p>Interested parties can apply through the Northern Accelerator website. The application involves submitting a proposal detailing the business idea and its potential impact.</p><p><strong>What are the deal terms offered by Northern Accelerator?</strong></p><p>Specific deal terms are not disclosed, but the program provides funding and resources to support the commercialization of research.</p><p><strong>What is the format of the program?</strong></p><p>The program is primarily in-person, featuring mentorship, workshops, and networking opportunities, culminating in a demo day.</p><p><strong>What makes Northern Accelerator different from other accelerators?</strong></p><p>Northern Accelerator focuses specifically on research commercialization from universities in North East England, addressing regional economic challenges and fostering sustainable business development.</p><p><strong>What metrics does Northern Accelerator use to measure success?</strong></p><p>Success is measured by the number of spin-out businesses created, funding raised by alumni, and the impact on job creation in the region.</p>