Atom bank’s County Durham HQ is to become home to tech startups, as they bring together a package supplementing existing regional offers.
As signalled by Atom’s Chairman Bridget Rosewell at the Great Exhibition of the North’s business summit, the Atom Incubator offers professional advice, fully serviced space and 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 4 years ago. Now we’re creating a great offer for new technology startups to join us and the other small businesses at Rivergreen.
“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 to be welcomed to the Atom Incubator will be Intogral Limited, a spin-out from Durham University who are developing image analysis software using Artificial Intelligence and Deep Learning.
Bill Shepherd, CEO of Intogral Limited said: “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. 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 next year the Atom Incubator will link with the recently announced Durham City Incubator accelerator programme involving Durham University, New College Durham and the County Council.
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