Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.

University of California, Riverside is set to open an incubator today dubbed Epic as it gears up to raise a VC fund to provide seed capital.

Stanford StartX was among the investors that added $6.7m to the $9m in series A funding closed by smart building technology provider Verdigris in December.

Oxford Photovoltaics has secured an initial $10.7m in series C capital from unnamed investors as it gears up for commercialisation.

King Abdullah University of Science & Technology has partnered Saudi British Bank to launch an acclelerator program dubbed Taqadam.

The report has showed that most venture capital firms that have backed startups in the cleantech sector lost cash.