North East BIC is an accelerator and a not-for-profit enterprise agency which specializes in incubation, pre-seed and seed stage investments in companies. It aims to create and develop innovative businesses, by offering a wide range of business support services within a professional cost-effective structure and the firm is an active member of the European BIC Network (EBN) and is the only accredited BIC in the region. The firm provides mentoring and business space to the companies. It was founded in 1994 and is based in Tyne and Wear, United Kingdom.