Corporate-backed German state venture fund backs the cell therapy company, as well as Algiax Pharmaceuticals, a healthcare company.

Business Growth Fund, which was set up by UK-based banks, invests in cash machine company Cennox.

Multi-lingual online service Excursiopedia takes prize at pitch event in Russia, winning 10 free hours of consulting from PwC, the accountancy firm.

Google's corporate venturing unit backs the US-based skills testing website for a second time, after investing in its seed round last year.

The London-based institute is Intel's first research centre and hub looking at how technologies can improve the social and economic development of cities globally.

The company is planning to build into a network of four or five labs including New York, news provider Xconomy said.

UK universities took stakes in 233 spin-offs last year according to Higher Education and Statistics Agency figures, while 2771 graduates set up companies.

The Malaysia-based university opens an innovation centre.

Singtel's corporate venturing unit has reportedly made offers to back two of the incubatees from the JFDI-Innov8 2012 Bootcamp, which it backed last year.