New York University has partnered venturing fund Rethink Education and trade advisory network StartEd for the accelerator, which could lead startups to a $170,000 follow-on investment.

The biotech spinout will use the cash to fund clinical development and proof-of-concept for its lead candidate targeting influenza by 2018 and 2019.

Universities in Newcastle and Durham have established an accelerator to generate more spinouts in the northeast of England region.

Building on a University of Warwick and EPFL research partnership, ByzGen has licensed patents through Crossword Cybersecurity to develop blockchain-powered data management applicatioins for national defence and security purposes.

Multi-university venturing fund Uniseed has invested $500,000 in smartphone cardiac monitoring developer Cardihab.

Interface Polymers has secured funding as it prepares to shape its materials adhesive concept into a commercial product.