• Business
  • Business News
  • Video
  • Contact
Aycliffe Today
Aycliffe Today
  • Business
  • Business News
  • Video
  • Contact
  • Follow
    • Facebook
    • Twitter
    • Youtube
Home
Business

Six very different start-ups get help to grow

November 21st, 2022 Martin Walker Business 0 comments 0

Entrepreneurs from County Durham are set to benefit from the hugely successful Durham City Incubator (DCI) accelerator programme.

The latest six companies on the programme together make up one of its most diverse cohorts yet, covering sectors including TV production, e-commerce, and FinTech – as well as value-driven social enterprises and awareness-raising training platforms.

The wide variety of start-up businesses and social enterprises hope to follow in the footsteps of Low Carbon Materials (formerly Plastech Innovation/Sphera), Elvet Recruitment, and Rare Rockets, which have all completed the DCI programme since its inception in 2018.

DCI is a joint venture between Durham University, New College Durham, and Business Durham, the business support service of Durham County Council.

The programme works to help County Durham entrepreneurs launch start-ups with high growth potential and support new companies (which have been trading for under 12 months) to achieve their goals.

So far, the six-month accelerator programme – delivered primarily using boot camps, one-to-one support, workshops, seminars, and networking events – has supported 56 entrepreneurs across seven previous cohorts. Many have gone on to establish successful businesses achieving national recognition and securing additional investment funding.

The companies from this latest cohort include:

Addressing Domestic Abuse (CIC) – Community interest company that offers bespoke training and support to social housing providers in identifying and responding to domestic abuse.

Dive into History – TV production company investigating historical structures along British waterways. Founder Gary Bankhead also features on Sky History Channel programme River Hunters.

LEXI Menswear – High-quality men’s underwear brand for gay and bisexual men.

Divergent Brains – Training provider offering training, mentoring, and support to organisations raising awareness around neurodiversity.

Lonewolf Technologies – Software company that is developing a platform for compliance departments of investment banks and hedge funds to detect insider trading.

Ofdin –Technology consultancy specialising in innovation for digital inclusion and capitalising on the team’s breadth of experience within FinTech.

Cllr Elizabeth Scott, cabinet member for economy and partnerships, said: “The Durham City Incubator programme has seen massive success across the county, and we’re excited to welcome the latest cohort of businesses as part of our drive to help the local economy grow and flourish.

“It’s also great to see the amount of academic talent retained from local colleges and universities in County Durham.

“What’s particularly exciting is the broad range of companies taking part in this eighth cohort. It’s a testament to the dynamic nature of the DCI programme, which can help businesses and entrepreneurs from all backgrounds to launch their companies, set a trajectory for growth, and achieve their goals.”

Dr Tim Hammond, director of commercialisation and economic development at Durham University, said: “The Durham City Incubator has established a very strong track record for supporting new business start-ups.

“The six-month accelerator programme is delivering a range of valuable support elements to our student and graduate entrepreneurs, many of whom have subsequently gone on to scale their ideas, raise investment and establish their businesses in County Durham.

“I am therefore very pleased to see that there are four graduate start-ups in this eighth cohort.“

Si Chambers, head of school tourism, digital and creative industries, New College Durham, said: “We are once again embarking on further opportunities for students at New College Durham through mentoring and network opportunities in the development of their business understanding on knowledge.

“We look forward to the year ahead and the continued collaboration with Durham City Incubator and our students.”

The DCI accelerator programme is part of Durham Internships and Collaborative Enterprise (DICE), which is part-funded by the European Regional Development Fund (ERDF) as part of the 2014-2020 European Structural and Investment Fund Programme.

DCI runs in cohorts that each last six months. For more information on the Durham City Incubator and to apply for the next cohort, visit dcincubator.co.uk.

Share it!

Facebook Twitter Google+ LinkedIn Pinterest
Next article National success for social work team
Previous article Dramatic late win for Aycliffe

Related News

Business

NC Group: Building the future workforce of Aycliffe’s engineering sector

Aycliffe Business Park is home to hundreds of thriving manufacturing and engineering businesses – but with...
Business

How Senstronics culture has nurtured life-changing career for Jack

From delivering pizzas in Stockton to managing a high-tech maintenance team, Jack Rickaby’s journey is...
Business

Strategic expansion for family firm as industrial suppliers set up shop in Aycliffe

A fasteners and industrial supplies business with a proud family history is investing in the future by...

LATEST VIDEO

This week on A.T

Sep 23rd 1:40 PM
Community

Fun and Food scheme benefits thousands of children in County Durham

Sep 22nd 4:18 PM
Business

NC Group: Building the future workforce of Aycliffe’s engineering sector

Sep 18th 4:49 PM
Sport

Newton Aycliffe Juniors round-up

Sep 18th 9:44 AM
Business

How Senstronics culture has nurtured life-changing career for Jack

Sep 17th 12:47 PM
Community

Helping to create thriving communities across County Durham

Sep 17th 10:30 AM
Business

Strategic expansion for family firm as industrial suppliers set up shop in Aycliffe

Sep 16th 9:01 PM
Sport

Aycliffe prepare for FA Trophy trip

Sep 16th 3:09 PM
News

Chaos reigns as Durham County Council announces new cabinet after just 100 days

Sep 16th 10:47 AM
Sport

Aycliffe Cricket round-up

Sep 15th 4:27 PM
Community

Newton Aycliffe school children celebrating new facilities

Recommend
Follow @AycliffeToday
  • Business
  • Business News
  • Video
  • Contact
  • Back to top
© Aycliffe Today 2019. All rights reserved.
Developed by Thrive

Get our latest news direct to your inbox every Friday - subscribe to our free e-newsletter today.

Subscribe Now