The insurer's strategic investment arm has put up $175m for a scheme called ASV Diversified that will supply up to $15m for VC fund investments.

Clique API has expanded into the Asia Pacific region where it intends to invest $10m in startups and partners that are working on communications APIs.

The artificial intelligence startup has combined with Korea-based corporates SK Telecom, Hyundai Motor and Hanwha for the strategic fund.

The Bluefield Innovations vehicle will back early-stage Johns Hopkins projects over five years with a view to eventually spinning out or licensing promising ideas.

The university has partnered regional business advocate Solent LEP to launch an accelerator fund aimed at generating 16 internet-focused spinouts by March 2019.

The Alstom, Solvay and Schneider Electric-sponsored venture firm has closed new financing, bringing the total under its management to about $590m.

Bill Gates has invested $50m in the corporate-backed fund, which is financing treatments and technologies to fight dementia.

The internet company is to launch a fund sized at $200m or more that will target technologies such as AI, computer vision, voice identification and cybersecurity.

The UVU Wolverine Fund will challenge student entrepreneurs at Utah Valley University with the management of a bona fide VC vehicle.