Westminster Higher Education Forum held a conference on Thursday inviting researchers, executives, legal experts and members of parliament to discuss the future of innovation in the UK.

Commercial vehicle producer Scania will back startups developing sustainable transport technologies through a dedicated fund called Scania Growth Capital.

LVMH Luxury Ventures will invest up to $5.4m a time in luxury fashion, cosmetics and accessories startups.

Touchstone Innovations has co-led the series A round for Apcintex, a spinout of Cambridge University that is working on a treatment for haemophilia.

Henkel has disclosed its has invested $10.4m into two venture capital funds in addition to making direct investments in two technology producers.

The BBVA-backed mobile bank is set to announce $125m in new funding over the next few weeks, according to chairman Anthony Thomson.

Employment recommendation platform Jobspotting has been acquired by SmartRecruiters in a deal that gave an exit to Axel Springer.