Funding for the centre comes via the UK Research Partnership Investment Fund, Technology Strategy Board and Masdar.

The internet company has now made about $300m in total from share sales in publicly traded payment company Qiwi.

Scientists at the institute are inching closer to a commercialisation for anti-malarial drugs.

Convibo offers customers an opportunity to collect their shopping from refrigerated lockers.

Covagen is a spin-out of ETH Zurich.

The Merck Serono spin-off has now secured $43m over two rounds as it prepares to advance its lead product candidate, which is targeted at diabetes sufferers.

The offering will value the corporate-backed incubator and venture fund at approximately $6.45bn.

New collaborators SetSquared and UKTI will help startups make a global impact.