Indian state-backed petroleum company Bharat Petroleum (BPCL) has announced a five-year growth plan which will establish a corporate venture capital arm.

CDIB Capital Group, a subsidiary of Taiwan's KGI Financial Holdings, has launched a $62m joint fund with a Japanese state-backed investment company.

Dennis Chang will lead investments in Asia excluding India and Japan.

SoftBank joins a number of South Korean conglomerates in contributing to SBVA's new AI startup fund, Alpha Intelligence.

Linq is building a vector database management platform to help large companies use large language models based on their internal information.

In partnership with VC firm Hiroshima Venture Capital, the Hirogin Innovation Fund will target regional economy revitalisation startups.

After her role in Cambridge's technology transfer office, Elena Watts-Pass has made her first move into corporate venture capital at TDK Ventures.

The University of Auckland in New Zealand tripled the rate of spinouts it created by launching a fund to invest in its university startups and lowering its equity stake.

Alix Rimington takes on the role alongside that of general manager of global strategic alliances and innovation at the Australian retailer.

The financial services firm's Mexican and Brazilian units are each equipped with $100m, and CVC unit Saison Capital will play a key role.