Inaugural Global Corporate Venturing Tech Scout Challenge sees 15 finallists who will meet more than 40 corporate venturing units with at least an aggregate $5bn of venture assets under management.

Building a sense of pride of national purpose is one tool governments are polishing up.

Pelamis is looking to raise strategic financing by the end of the summer.

The US-based analytics software company was the first spin-out from Germany-based software company SAP and has the backing of its corporate venturing unit.

Vodafone Ventures backs the mobile network performance company as the corporate venturing unit's parent Vodafone Group begins deploying its technology.

Yale professor Craig Crews says the partnershop reflects "a new paradigm" of how academics and the pharmaceutical industry can partner.

Baekeland II Fund, the investment fund of Ghent University backs the Belgium-based instrumentation company.

The Germany-based dog food company is backed in a seed deal, by the state-backed fund supported by industrial groups.

IMEC, the micro and nano-electronic research centre is joined by Baekeland II Fund, the investment fund of Ghent University and Vesalius backing the company.