The Northern Ireland Spin Out (NISPO) initiatives support start-up and early stage businesses in Northern Ireland. The support includes a £7 million venture capital fund, the Invest Growth Fund, which is provided by Invest Northern Ireland and focuses on seed and early stage businesses with high growth potential. NISPO also includes a £5 million proof of concept fund, the Invest Growth Proof of Concept Fund, which is funded by Invest Northern Ireland to provide funding to very early, non-university projects. NISPO also included two £1 million funds for each of the Universities (Queens and Ulster) and a package of Investment Readiness Training.
The active investment period of the NISPO Fund came to a close March 2014.