Entrepreneurs in InsurTech Garage will potentially raise money from Barcamper Ventures and receive support from corporates Cisco and Reale Mutua.

The beverages group had provided $250,000 each to 11 companies through its now closed Founders Program, and will now focus on its Bridge scheme.

InvestCloud Innovation Center London will operate as an incubator and accelerator for startups looking to develop financial technology on InvestCloud's platform.

Faculty, students and alumni are set to benefit from the $200m vehicle, set up by the Technion Research & Development Foundation and UG Capital Management.

Private equity firm Cathay Capital has closed its first Cathay Innovation fund with backing from BNP Paribas Cardif, ADP, Artemis, Joyoung, SEB, Michelin, Total and Valeo.

The media company has sold ad-for-equity stakes in 16 portfolio companies to private equity firm Lexington Partners for about $57m.

Applied Materials' corporate venturing subsidiary will manage the fund, which was formed with Korea Venture Investment Corporation to back South Korean startups.

The fund will act as a successor to the Ulster Bank Diageo Venture Fund, though it is not clear whether Diageo or Ulster Bank will put capital into the new vehicle.