The firm, whose previous backers have included Alibaba, Baidu and Tencent, has received an initial $110m for its fourth venture fund from a host of corporates.

India-based challenger university Atria University has launched a VC fund contest for aspiring students aged from 16 to 18.

Autotech Ventures has attracted more than $150m for its second fund from limited partners including Volvo, Lear, Bridgestone and Stoneridge as well as several other corporates.

The fund is expected to close by year end with LPs including Protix and a range of unnamed companies, as well as multiple universities.

The fund is expected to close by year end with LPs including Wageningen University, TU Delft, University of Twente and Eindhoven University of Technology.

Princeton University-aligned Fitz Gate Ventures has backed a total of 15 companies since 2015 and has secured one exit to date.

Life sciences-focused venture firm Kurma Partners has secured Servier Laboratories for a third fund dedicated to early and incubation-stage therapeutics companies.

Life sciences-focused venture firm Kurma Partners has secured Pasteur Institute for a third fund dedicated to early and incubation-stage therapeutics companies.

Fresh from rejuvenating its corporate venturing team, Syngenta has launched a new accelerator in a bid to uncover novel food protein products.