Working alongside Northstar Ventures and the North East Innovation Fund supported by the European Regional Development Fund, Ignite will deliver a full-time pre-accelerator programme from October to December 2018.
Ignite’s new pre-accelerator programme will offer three months support and office space, as well as £15k of investment to help develop new startups in the region.
The programme gives around 20 startups the chance to benefit from investment, mentoring and business support from experts.
The best businesses from the pre-accelerator will then have the opportunity to join Ignite’s later-stage six-month accelerator programme and qualify for further investment and support.
Ignite is searching for entrepreneurs solving real-world problems with technology-led ideas and said that it is particularly keen to talk to founders focused on developing new products and services that address the myriad of opportunities created by the ageing population.