HaxAsia, backed by the Belgium-based business group among others, will invest up to $500,000 in IT companies that progress through the programme.

Acquisitions are set to play a part as the software company, which recently bought AirWatch for $1.54bn, announces ambitious plans for its Indian operations.

The new entity, Katalyzers, formed in conjunction with Smile Group, will invest in internet and e-commerce companies' activities in emerging economies.

The computing company will offer free answers and advice for startup businesses in the region, and will use the information collected to hone its corporate venturing activities in the country.

VC firm Qiming Venture Partners has closed its Fund IV at $500m after Mayo Clinic returned as a limited partner.

The corporate venturing unit of SingTel will link with AIS, Globe Telecom, Optus and Telkomsel to provide mentoring for

The Japanese company, which has interests in media, human resources and advertising, intends to invest in up to 30 startups.

The China-based e-commerce company is set to extend its acquisition activity by buying navigation service AutoNavi in a deal worth about $1.5bn.

Polaris has invested $1m for a 33.5% stake in the e-commerce company, which plans to expand from its home country of Indonesia.