The ride hailing service provider has formed Uber Incubator alongside an entrepreneur-in-residence program to facilitate internal and external innovation.

The accelerator will support remote working to broaden its geographical capacity for emerging food products and manufacturing techniques.

The US-based cell and gene therapy tool producer has teamed up with Casdin Capital to launch a bioproduction accelerator having recently backed two biotech startups.

Panache Ventures has closed its inaugural fund at $43.7m thanks to limited partners including Telus, helping the vehicle overshoot its target by almost 50%.

Woodford’s stake in IP Group is being sold at a 13% discount on market trading as its suspended Equity Income fund sharply pivots to FTSE 100 investments.

Suncor contributed to the second close of cleantech-focused venture firm ArcTern's second fund, which is now working towards an expanded target.

ICL has launched a student-run equity investment fund divided into market-neutral equities and a quantitatively-managed portfolio.

Telkom Indonesia's MDI Ventures unit has joined KB Investment for a venture fund expected to close at $100m by the end of next year.

Summary of corporate-backed funding initiatives 2011-19

Triventures, which already has several corporate backers, has raised more than half of the capital for a $40m fund it has launched with Chaim Sheba Medical Center.