Catholic University of Louvain communications spin-out Tessares secures backing from telecoms firm Proximus and university investor Louvain Technology Fund.

BMW partners Technical University Munich on accelerator program as automotive manufacturer simultaneously unveils Startup Garage.

The consumer healthcare company has raised a series A round from investors including Qualcomm Ventures to expand across Europe.

Novo Seeds, Lundbeck, Merck and Astellas all exited EpiTherapeutics after it was acquired by biopharmaceutical firm Gilead.

The Telefonica-backed mobile wallet developer has now raised $15m in less than a year and will use the capital to build its team as it prepares to enter the US market.

Lundbeck-backed injectable bone graft developer Bonesupport has attracted $14m for a funding round led by an unnamed Scandinavian pension fund.

Galapagos has increased the target for its upcoming IPO on Nasdaq to $230m, while $55m of the stock could be bought by AbbVie and Johnson & Johnson.

BioCity Scotland announces plans to unite universities, the NHS, investors, pharmaceutical firms and others under one innovation hub.

NovoLanguage spins out of Radboud University to bring language learners up to spoken fluency.