The UK government has published a consultation into patient capital, indicating a shift in focus towards scaling up firms away from a perceived fixation on generating new spinouts.

More value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.

The carmaker's Transparent Factory has chosen CarlundCarla, Smart City System, Geospin, Ekoio, Tretbox and LoyalGo for its first lineup.

The mobility app developer increased its latest round, which includes Transdev, Veho, Toyota, Denso, Aioi Nissay Dowa, Swiftcom and Karsan, from $11m to $16.8m.

Ultralinq has acquired Intelesens, a wearable device manufacturer spun out from Ulster University in 2001.

Scottish Investment Bank has supported a funding round for Causeway Therapeutics, a spinout from University of Glasgow that is working on treatments for tendon injuries and disorders.

Cambridge Enterprise has licensed key technology to Qkine, a spinout that is working on proteins to control stem cell growth.

Paul Ashley and Brendan Ludden will be responsible for life sciences and physical sciences, respectively.

Wonderbly has rebranded from Lost my Name and secured new funding in a round led by Ravensburger that included existing investors GV and Chernin Group.