International Airlines Group and L Marks are partnering for a startup accelerator that will support and invest in aviation technology startups.

The fund, managed by Idinvest Partners, has achieved an initial $88m close and is expected to reach its final close in 2017.

The energy storage and management technology producer received the funding in a round backed by GE Ventures and Envision Energy.

Ecomobility Ventures, Idinvest Partners and CapHorn Invest have provided $7.7m in funding to Boxtal, which rebranded from EnvoiMoinsCher last month.

The France-based venture firm has secured Nokia, MAIF and Fnac-Darty as limited partners and will have the option to co-invest with the fund themselves.

George Baxter has been appointed as the new chief executive of Edinburgh Research and Innovation, joining from Nottingham University.

Accenture and the Irish government agency have extended an invitation for startups to join the third batch of its Fintech Innovation Lab.

Avery Dennison has led a $22m funding round for the flexible electronics producer, while existing shareholders ARM and Cambridge Innovation Capital returned.

The digital entertainment group has agreed to acquire a 35% stake in the online game developer and publisher, part of which will come from existing investor Fidelity.

Debiopharm has returned to back an $11m funding round for Coorpacademy, which the education technology provider will use to expand across Europe.