Connected stove developer MF Fire has become the first portfolio company of the Maryland Momentum Fund.

Anfiro, which has licensed Purdue and Notre Dame research, aims to complete a prototype of its polymer-based water treatment system by 2018.

The facility will feature four laboratories to research fields such as geothermal energy and hydrogen-fuelled cars, while also furthering an $239.5m collaboration with other Midlands region universities.

IdeaRefinery, which will not invest directly in the startups but will provide support, office space and executive mentorship, is supported by National University of Singapore.

The Engine has already made seven investments in a bid to commercialise technologies that require a longer-term view than most.

University of Minnesota has revealed it launched 18 spinouts during the past financial year, putting the total number at 119.

The bankrupt saltwater electrolyte battery developer had raised $190m in financing since it was spun out from Carnegie Mellon eight years ago, but was bought for less than $9.2m.

University of New Mexico has revealed it generated 12 new businesses during its financial year that ended June 30.

IP Group has participated in a $1.7m funding round for Eight19, a solar panel technology spinout of the Cambridge-backed Advanced Photovoltaic Research Accelerator.