The commercialisation partnership has launched a $2.2m seed fund for its spinouts ahead of a larger vehicle that will target $125m to bolster the regional ecosystem.

NetEase has led a series B round for the game developer reportedly sized at up to $30m and will now help it expand into China.

Russell Greig, once president of GlaxoSmithKline subsidiary SR One, has taken the chairman position at drug developer BiomX, nine years after leaving the unit.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

FerGene has been spun off by Ferring Pharmaceuticals to bring a gene therapy for bladder cancer to market, and Ferring itself is supplying $170m of the cash.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Sonos paid $37.5m to buy the voice app development platform, which had received more than $21m in funding from investors including Maif Avenir.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

University of Bristol-backed incubator Engine Shed has hired Marty Reid as its new head, with Reid also taking over as chief executive of SetSquared Bristol's parent Science Research Foundation.