The smartphone maker has launched a $29m VC and consulting business subsidiary based in the Chinese city of Chongqing.

Chugai, Eisai, SoftBank, Takeda and Celgene have contributed to healthcare venture firm Catalys Pacific’s inaugural fund, which has a target size of $100m.

Northern Accelerator, an investment program which supports spinouts from Durham, Newcastle, Northumbria and Sunderland universities, plans to raise $125m for a venture fund.

British University Spinout Investment Fund hopes to complete its fundraising efforts by 2020 to back businesses based on university research.

DTU-owned PreSeed Ventures will seek to raise an independent fund following the wind-down of government support, and has appointed Jesper Juhl Hansen as CFO.

South Africa's academic tech transfer sector will be supported by a $10.2m vehicle backed by the $96m SA SME Fund.

ADP, SEB, Michelin, Valeo, Accor, BioMérieux, Dassault, JCDecaux Holding, Kering and Pernod Ricard have all contributed to the venture fund’s $358m first close.

Sunway Group has joined Gobi Partners and Mavcap in Malaysia SuperSeed Fund II, which will invest at pre-series A stage.

Power Corporation's Portag3 Ventures unit has anchored the venture capital investor and incubator's second vehicle, which will focus on financial and insurance technology.

Venture capital firm Valo Ventures, launched by CapitalG alumnus Scott Tierney, has raised $175m for its debut fund following an LP commitment from Fortum.