£2m completed investments for NSTAR
Nstar, a north east England-based technology finance company, has announced investments totalling £2m in the region. The company was established with funding from regional development agency One NorthEast and the European Regional Development Fund, and aims to fuel the regions growing knowledge-based economy and keep intellectual property in the region. Nstar's fund management company, NorthStar Equity Investors, manages the £10m Proof of Concept fund and has invested in 31 fledgling technology companies in the region since Nstar was established in 2003.
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