North East BIC launches region’s first social enterprise incubator.
The North East Business and Innovation Centre (BIC) has launched the region’s first incubator for social enterprises.
The Sunderland-based business support organisation has opened its Innovate for Good incubator at its new Innovation Zone.
12 local businesses have become the facility’s first cohort, working on projects with potential to tackle issues including inequality, poverty, isolation, climate change, ill-health and disability.
Businesses in the programme have access to the incubator’s collaborative working space as well as a range of practical tools and specialist support.
North East BIC chief executive, Paul McEldon, commented: “Social entrepreneurs play a crucial role in the UK economy and are on a mission to change the world – but they can’t do it on their own.