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Get paid to start your business in the Newcastle-upon-Tyne region

Join the Innovation Machine in Newcastle and we will help you to create and run your own high growth business. We are looking for intelligent, creative, driven individuals with outstanding business ideas. Ideas that can utilise the best available technology solutions and ultimately generate revenues of £10 million within five years.

The aim of the Innovation Machine is to give potential entrepreneurs a framework to maximise the returns from their great ideas. It will mean challenging your existing views and taking time to develop new ones. It will push you to find the best 'value opportunities' and drive these forward to generate a sustainable and fast growing enterprise.

What will Newcastle Science City offer?

  • A salary for six months.
  • Access to training that will complement your existing skill set and help you to become an inspirational, entrepreneurial leader.
  • A base to work from – a home for your embryonic company – with access to business and technology specialists and mentors.
  • Debt funding to trial one or more of your propositions and establish a clear path to success.
  • Introductions to venture finance providers.

You will receive everything you need – practical support, expert guidance and seed funding – to increase the likelihood of success of your venture.

What you need to bring

You will have a compelling new business proposition that has the potential to launch in the next six months. A proposition that will grow quickly to address a large market opportunity. At the moment, we are looking for new start up businesses, rather than established ones; other Science City programmes may be able to help existing businesses.

Alternatively, you will have exceptional entrepreneurial qualities and skills that will allow you to develop an exciting new business proposition with the potential to launch in the next six months.

You will be a high calibre, hard working individual. You will have what it takes to run a high growth entrepreneurial venture.

You will need to be flexible in the selection of your final proposition having engaged in the Innovation Machine process.

To achieve a high growth proposition, you will need to leverage your own network and the extensive professional network established by Newcastle Science City.