Financial services firm BNP Paribas has partnered the accelerator to launch a Paris-based initiative for startups in the financial and insurance technology sectors.

Johnson & Johnson has invested in SuperX, the antibody developer founded by the executive team of XO1, which was acquired by subsidiary Janssen Pharmaceuticals in 2015.

Technical University Ilmenau hopes the centre will better connect it to local SMEs and foster knowledge transfer.

Advertising technology developer Trademob has been bought by mobile marketing technology provider Adikteev in an all-share deal that allowed Tengelmann Ventures to exit.

Investors including LG Electronics and Innogy have supplied at least $11m in series C capital to Kiwigrid, providing exits to Innogy Venture Capital and HTGF.

Oxford University Innovation is spinning out its management consultancy division as a separate company to be called Oxentia.