Tepco Ventures will take the place of the power producer's New Business Task Force and will focus on incubating new companies.

Corporate venturing unit Telstra Ventures has transferred its assets into a partnership with HarbourVest reportedly sized at $500m.

The internet group plans to take a limited partner position in funds being raised by SoftBank and Sequoia Capital.

The vehicle, which is of undisclosed size, has made genetic sequencing developer Oxford Nanospore its first investment.

Thunderbird Investor Network will connect ASU patrons to emerging companies and give business or management school students the chance to gain experience in venture capital.

University of Pennsylvania will pour money into at least 10 Philadelphia-based biotech companies over three years and has already backed Tmunity, Carisma and Tycho.

The property developers are collaborating on a proptech accelerator called Propell Asia that will issue grants to participating startups.

Dementia Discovery Fund, backed by more than half a dozen corporates, reached its final close after AARP supplied $60m.

Open innovation adviser China Materialia has received $5.9m from Henkel Ventures for its second venture capital fund.