High Potential Startups is designed to increase the number of businesses turning over £1million by 2024.

What is intrapreneurship

Whilst working for electronics company Sony, employee Ken Kutaragi began to develop an idea that would improve the quality of computer games. With the full support of the company, Ken was given the freedom to work on his concept and develop it into a project. That product was the Sony PlayStation – now one of the best-selling game consoles of all time.

Intrapreneurship is allowing an employee to operate like an entrepreneur whilst still working for a company.

Why intrapreneurship is good for business

Investing and encouraging intrapreneurship can help businesses innovate; retain talented and valuable staff; drive growth and attract new investment – all within a management framework.

At a time when many businesses are changing and adapting in response to the coronavirus pandemic, investing in talent within your team as intrapreneurs is a great way for your business to enter new markets, develop new products and pivot to respond to customer demand.

High Potential Startups

High Potential Startups can help you to encourage and implement intrapreneurship in your business. It is a business accelerator programme that nurtures the founders of pre-starts with the potential for amazing growth.   

Delivered through by the North East Growth HubHigh Potential Startups aims to help increase the number of scaleup businesses in the North East and create more and better jobs.  

High Potential Startups aims to develop intrapreneurship in existing businesses, to spread an entrepreneurial and innovation culture, increase the rate of ideas that become a commercial reality, and support the creation of new areas of growth.  

High Potential Startups works with entrepreneurs and their employer to develop and test the intrapreneur’s idea and includes: 

  • Understanding the potential new customer base 
  • Looking at integrating intrapreneurship into the business’ overall innovation strategy
  • Filling skills and knowledge gaps in the business. 

Intrapreneurs accepted onto the programme benefit from: 

  • One-to-one coaching 
  • Peer-to-peer learning 
  • Expert mentoring  
  • Online teaching 
  • And much, much more. 

Contact us

If you would like to find out more about High Potential Startups please contact Justin Souter: 

Email: [email protected]
Phone: 07584 155 519
Twitter: @jgsouter_NE_LEP

Thank you for your interest in High Potential Startups

Applications for the fourth round of High Potential Startups are currently paused.

Details of when the Expression of Interest window will reopen will be made via our social media platforms. Please follow the North East Growth Hub on Twitter, Facebook or LinkedIn.

Or, alternatively, please complete the form below and we will contact you via email with details of the reopening date.

If you are a business or entrepreneur seeking help with business support or how to access finance and funding, expert advice is still available.

Visit the North East Growth Hub or speak to one of Growth Hub Connectors today.

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Just looking for startup funding? If you’re looking for funding only, visit the North East Growth Hub to find sources of finance for startups.