Finland-based phone maker Nokia, which uses software group Microsoft's mobile operating system, will both fund the $24m programme, AppCampus, over the next three years.

Finland-based phone maker Nokia, which uses software group Microsoft's mobile operating system, will both fund the $24m programme, AppCampus, over the next three years.

Eight19 targets $8m round in January, following an earlier round in 2010 from Carbon Trust, Rhodia, and Cambridge Enterprise.

She formerly managed private equity firm 3i's relationships with senior executives and non-executives across a range of sectors and geographies.

Pinel Venture Capital will make investments in small to medium-sized businesses.

Miles Kirby has become managing director of technology group Qualcomm's Ventures Europe unit, while Mark Felix, investment manager for? Dow Venture Capital, is effectively running Europe for the chemicals company from its Swiss office.

The fund strategy is modeled on a plan devised by the European Investment Fund (EIF) last year to encourage corporations to support established venture capital firms, according to a source close to the fund.

The competition was won by an urban pod designed for the Brazilian city of San Paolo.

The venture fund run by Iris Capital joins up with Deutsche Telekom's T-Venture backing MyThings' $15m round.

Novaled said it was founded in 2001 as a spin-off from the Technical University and Fraunhofer Institute in Dresden, Germany, both of which are leading German research institutions in the field of materials science and technology, and they remain shareholders.