KU Leuven's Centre for Drug Design and Discovery has closed a $67.5m commercialization fund with the support of the European Investment Fund.

Evotec and GV have invested in Carrick Therapeutics, a company commercialising research from institutions including Cambridge and Oxford universities and Imperial College London.

Merck Sharp & Dohme and Wayra UK have joined forces again to welcome a second cohort to their digital health accelerator program Velocity Health.

Spotify is in advanced talks to acquire SoundCloud, which was reported to be talking to Twitter about a sale until the social media company withdrew from negotiations in 2014.

The scheme, initiated in Stuttgart last year, will be replicated in Singapore in partnership with NUS Enterprise and Plug and Play.