deBurca Ltd Competes for Investment for Commercialisation of lovle

A Sedgefield based start-up business has beaten off competition from over 150 UK and European companies for the chance to secure investment at a prestigious international event in New York.

Software development company deBurca Ltd is one of nine competing for investment at the event held by Seed Forum International, a not-for-profit foundation which gives companies seeking capital the opportunity to present their business cases to investors.

deBurca are seeking investment for the commercialisation of lovle a web based e-learning content marketplace, which has been researched and developed following a funding boost from investment management company NorthStar Equity Investors’ £10m Proof of Concept Fund.

The Proof of Concept funding enabled the production of the prototype and funding is now sought to commercialise the product and take it to market.

Michelle Cooper, Deal Manager for NorthStar Equity Investors said, “deBurca is just one of nearly 100 early-stage businesses that have benefited from our Proof of Concept Fund so far.

We’re here to ensure that innovative, technology-based ideas can be researched, developed and nurtured to become commercial success stories for the North East of England. The fact that they’ve done so well in getting to the final stages of this competition is testament to the strength of their product, and the entrepreneurial talent within the company. Any other innovators who feel inspired by deBurca’s achievements can contact NorthStar Equity with details of their business case. With investment support and expert advice, they could soon be following in this company’s footsteps.”

lovle was previewed at the world’s largest educational and technology show BETT in January 2006, as part of the Codeworks Connect organised Teaching with Technology delegation.

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