Challenger bank Atom to support North East startups with Durham-based incubator

North East-headquartered challenger bank Atom has announced plans for a new startup incubator.

Unveiled by chairman Bridget Rosewell at the Great Exhibition of the North’s Business Summit, the Atom Incubator will offer professional advice and fully serviced workspace.

The programme, run from the bank’s HQ in Durham, will also give participants access to a community of entrepreneurs and technologists.

Edward Twiddy, Atom’s chief innovation officer, said: “Atom started in a single room in the Rivergreen Centre just over four years ago.

“Now we’re creating a great offer for new technology startups to join us and the other small businesses at Rivergreen.”

He continued: “With the support of our landlords the Adderstone Group and a legal support package from our friends at Newtons Solicitors, our incubator aims to supplement the existing offers in the North East and foster more exciting startups and spin-outs in the City and across the region.”

The first business joining the Atom Incubator will be Intogral Limited, the Durham University spin-out developing image analysis software using AI and ‘deep learning’ technology.

Intogral chief exec Bill Shepherd commented: “Intogral is a really exciting new spin-out business from Durham University’s computer science department with the potential to grow rapidly.

“Having recently received funding from Northstar Ventures and Innovate UK we are absolutely delighted to be moving in to the Rivergreen Centre and have the chance to become part of the Atom Incubator.”

He continued: “We know that Atom have ambitious plans to increase prospects in the region and we look forward to playing our part to help deliver this ambition.”

From 2019, the Atom Incubator will link with the new Durham City Incubator accelerator programme, involving Durham University, the county council and New College Durham.

 

BDAILY ARTICLE

 

Leave a
comment

Read more posts

Keeping Supply Chains Cyber Secure

22.02.2024

We are pleased to let you know that we have a series of workshops focusing on strengthening cyber security in your supply chains. Taking place across the North East throughout…

Read more

Charting the Future of North…

15.02.2024

The Dynamo Advisory Board convene regularly to discuss how to help drive the growth and success of the North East technology sector. How do you think the world views the…

Read more

Newcastle Business Pioneers Metaverse Meetings…

13.02.2024

Newcastle-based data and test solutions provider, Seriös Group, has announced a rollout of the metaverse in its business operations, providing free hi-tech Meta-Quest headsets to employees to facilitate virtual reality…

Read more

New post: Northumbria students launch green awareness campaign for Metro operator dynamonortheast.co.uk/northum…

Join our
mailing list