The Northern Ireland Spin Out (NISPO) initiatives support start-up and early stage businesses in Northern Ireland. The support includes a £7 million venture capital fund, the Invest Growth Fund, which is provided by Invest Northern Ireland and focuses on seed and early stage businesses with high growth potential. NISPO also includes a £5 million proof of concept fund, the Invest Growth Proof of Concept Fund, which is funded by Invest Northern Ireland to provide funding to very early, non-university projects. The active investment period of the NISPO Fund came to a close March 2014.

Investment Readiness Programme

Throughout the last five years NISPO have delivered Innovative and interactive workshops aimed at the management teams of Northern Ireland’s high growth potential businesses. Over 300 companies have attended these workshops, and have gone on to receive grants and investment from both NISPO and investors in the UK, Ireland and further afield.


Invest Growth Fund

The Invest Growth Fund is a £7m venture capital fund, provided by Invest Northern Ireland, which was established to invest in start-up and early-stage businesses based in Northern Ireland. Over the last five years, the Fund has invested in 35 local start-ups. The fund is continuing to monitor its portfolio.


Invest Growth Proof of Concept Fund

The Invest Growth Proof of Concept Fund has provided 260 pre-commercial grants totalling £5m. The Fund has enabled individuals, start-ups, micro-enterprises and SMEs to establish the commercial potential of a concept resulting from in-house research and ideas. Successful companies have gone on to receive investment from the IGF, QUBIF and UIF Funds or have raised or are raising investment from funds both in Northern Ireland and elsewhere.


Queen’s University Belfast Innovation Fund (QUBIF)

The Queen’s University Belfast Innovation Fund (QUBIF) is a £1 million venture capital fund, set-up to invest in post Proof of Concept, pre-commercialisation spin-out companies. The Fund has invested in five early stage companies. The fund is continuing to monitor its portfolio.


Ulster Innovation Fund (UIF)

The Ulster Innovation Fund (UIF) is a £1 miilion venture capital fund, set-up to invest in post Proof of Concept, pre-commercialisation spin-out companies. The Fund has invested in five early stage companies. The fund is continuing to monitor its portfolio.