Chalmers-backed Swedish Algae Factory hopes to commercialise silicon materials made from a subtype of algae with qualities favourable to trapping light and blocking UV rays.

Oxford University Innovation expects to form 10 spinouts each year from an initiative for impact-led businesses.

AutoGrid, the distributed energy management platform backed by Stanford, will use the capital from the Eon, CLP, Innogy, Total, Ørsted and Tenaska-backed round to boost hiring.

Eight researchers from Cambridge have raised a $129m patient capital fund that has attracted limited partners including Aviva.

ETH Zurich-founded CO2 storage technology developer Climeworks has now amassed more than $50m in equity and grants.

University of Twente’s ETC Solar has made its public debut as a subsidiary of a US-based Caltech spinout of the same name working on solar generation technology.

VTT Ventures has exited textile fibre developer Spinnova, spun out from the research centre in 2014.

The fund, affiliated with IIM Ahmedabad, has raised approximately $50m for its first close two years after first being announced.

University of Queensland has taken the wraps off Pure Battery Technologies, which will commercialise technology to extract nickel and cobalt from low grade ores.