Takeshi Kodama, formerly executive manager at Mitsui Fudosan’s CVC unit, will now lead the property developer’s business development team.

Around 11% of Tencent's startup investments have been in the healthcare sector over the past five years as the internet company diversifies.

Japan's Tokyu Land joined the Tokyo Metropolitan Government to back University of Tokyo’s third investment initiative, ASA Fund.

Hideaki Matsuoka, formerly venture unit head at the pharmaceutical firm’s accelerator programme, has become head of ideation and creation.

University of Tokyo’s third investment fund reached a first close with capital from Tokyu Land and the Tokyo Metropolitan Government.

The $180m fund invests in technology companies primarily in Oman and the broader Middle East region.

Ankit Harjai, head of corporate venture operations for Cummins in India, says the team is partnering with Shell to look for new automotive and energy startups.

Clean energy in general and carbon capture projects in particular were the key focus for energy sector investors in the first quarter of this year.

Venture services firm Mach49 has helped the owner of alcohol brands Jim Beam, Maker’s Mark and Yamazaki to launch the CVC initiative.

Frontier Fund II and Climate Fund II have each received $150m to further explore technologies like AI and renewable energy for the carmaker.