Atom Bank announces business incubator for tech startups
Durham-based Atom Bank has announced plans to help North East technology start-ups.
Atom Incubator will be based at its North East headquarters offering access to professional advice and a community of entrepreneurs and technologists.
“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,” explained Edward Twiddy, Atom’s chief innovation officer.
“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 join the incubator is Intogral, which has spun out form Durham University. Its team are developing image analysis software using Artificial Intelligence and Deep Learning.
“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,” said Bill Shepherd, CEO of Intogral.
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.