CBFFT and the COIF
Board appointed HSBC Bank plc (AA-/Stable/F1+) in 2014 as depositary and administrator of both funds.
is neither complicated nor difficult to master.
A further pounds 2m will be available through POC to entrepreneurs seeking seed funding to get innovations off the ground, while an additional pounds 7m will be invested through CoIF
by the end of the year.
Fund has also made its mark on the region.
As the success of our POC and COIF
Funds demonstrate, entrepreneurial activity in the North-East is increasing.
team of four fund managers hit its first anniversary in January this year having sealed 12 deals, worth just over pounds 10m.
As they hit their first anniversary, the COIF
team have sealed 12 deals, worth just over pounds 10m, with legal advice from Newcastle-based firm Ward Hadaway for all the investments.
funding is also allowing Comesys to produce non-contact car accelerator pedals; Pure Insight to help the region sharpen its product development credentials, and Wireless Dynamics to design ground-breaking communications software.