The Korea Seoul Life Science Fund, which numbers conglomerate Hanwha among its backers, has invested $2.6m in biopharma company CrystalGenomics.

Vikram Gupta, former head of corporate venturing at India-based healthcare company Piramal, founded IvyCap last year.

The initial commitments have come from four leading Indian financial/government institutions with the alumni from the IITs and other angel investors also joining.

The plan Obachyan no Bentoya (Grandma's Lunchbox Delivery Van) won based on a business model that would enlist older women to cook, then deliver lunch and dinner boxes (bentos) initially to temporary housing, and then later throughout Northern Japan.

The EMC Innovation Network's India Center of Excellence will fund research in the country through collaboration with universities to see technologies shaping the information infrastructure of the future.

In partnership with the Guanghua School of Management at Peking University in Beijing and including Chinese teams from Tianjin and Zhejiang Universities as well as the Technion, which is the Israel Institute of Technology, the top prize went to EWalking.

Bambang Soehendro, a former director general of higher education at Indonesia's Education and Culture Ministry, said at a discussion on research held by University of Gadjah Mada (UGM): "Universities bear heavy burdens to self-finance a minimum of 25% of their financial needs. It is not logical and is unfair."

China-based Tsinghua University Science Park (TusPark) has linked up with US-based financial services group Silicon Valley Bank (SVB) to create the first Silicon Valley, California-based Sino-American incubator.