Skip to content
Back to Investors
European Regional Development Fund

European Regional Development Fund

Government

The European Regional Development Fund is established by the European Union to help local areas stimulate economic development through investments in innovation and business creation.

Portfolio

1

companies

By category

  • BioTech£2.4M

By location

  • Newcastle upon Tyne£2.4M

Portfolio companies

NB

Newcells Biotech

Newcells Biotech develops advanced in vitro cell models to reduce reliance on animal testing.


Recent investments

Other
£2.4M

The funding round was backed by Mercia Ventures, Northstar Ventures, and the North East Venture Fund.

"The support from our investors has allowed us to grow the business to the point where we now work with over 100 customers internationally including large pharma and biotech companies. This latest investment will further enhance our technology and underpin our ability to continue our rapid growth."
— Mike Nicholds, CEO