VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.

Wind power digitalisation technology supplier Fos4X previously secured support from Unternehmertum Venture Capital Partners in 2013 and 2015.

Venture V, whose limited partners include the European Investment Fund, will invest in spinouts from Sintef and NTNU.

New spinout RFC Power believes it has found a more cost-effective solution for large-capacity flow batteries used for power grid balancing and standalone plants.

Axiom Energy, backed by the Stanford-StartX Fund, has received series A capital from a consortium including corporates Great Plains Energy and Shell.

RGU expects its University Entrepreneurship Accelerator to back at least 25 projects each year in areas such as healthcare, digital and social enterprise.