Northern Accelerator’s funding from the European Regional Development Fund and Research England’s Connecting Capability Fund allows us to offer executives up to £30,000 in addition to shares in the business.
Executives are offered remuneration in addition to traditional sweat equity. The amount of equity offered to the incoming CEO is negotiated and will differ in individual cases.
Executives are paid on delivery of key milestones. While this is negotiated in each individual case, milestones typically include production of a viable business model, university approval, completion of spin-out legals and raising seed capital.