Cardiff University life sciences spin-out Asalus Medical Instruments receives green light to begin rolling its Ultravision product across European Union hospitals.

Commercialisation firm the IP Group extends agreement with Manchester to include funding for graphene products.

Nexmo, a UK company that specialises in translating internet push messages into SMS, has raised $18m in a funding round led by US private equity firm Sorenson Capital. The company has raised $22.8m to date including from corporate venturing units Intel and NHN Investment, both of which participated in this latest round.

Mark Payton, managing director of Mercia Fund Management, explains why the venture capital firm is campaigning to increase the level of seed funding and guidance for start-ups and spin-outs.