Microsoft has opened a new research centre that will be freely available to its partners for research and product development.

GS Venture, a subsidiary of technology developer GS Group, has made a seed investment in Tellyo.

The Germany-based steel recycler has racked up $1.5bn in debt, necessitating corporate funding.

The company will develop novel technology that will help guide the effective use of antibiotics and other antimicrobial therapeutics.

It establishes a partnership between medical research facilities in London, Cambridge and Oxford.

The Irish government agency will invest up to $16m in the Mayo-backed venture, which will aim to commercialise US medical technology at Irish universities.