Charles University Innovation Prague will have an annual budget of at least $135,000 over five years to establish spinouts and license IP.

University of Geneva spinout ABCDx has raised an undisclosed amount in its first funding round.

The Axel Johnson-backes apparel fitting technology developer has been bought by a group of Japanese investors for $12.7m.

The vehicle, which is of undisclosed size, has made genetic sequencing developer Oxford Nanospore its first investment.

FaceSoft has been officially spun out after winning $12,800 in proof-of-concept funding in a university business competition last year.

IST Cube has contributed to a seed round for Prewave, an artificial intelligence spinout from TU Wien that will use the money to boost sales and marketing activities.

Karolinska Development has sold its remaining stake in BioArctic, which is based on research at Uppsala University and floated on Nasdaq Stockholm last year.

The drug developer, which is targeting chronic inflammation-related diseases, has raised series A cash two years after it spun out of Selvita.