Financial services firm BNP Paribas has partnered the accelerator to launch a Paris-based initiative for startups in the financial and insurance technology sectors.

Nasdaq, which operates more than 80 exchanges worldwide, plans to invest in and help to develop financial technology that could benefit its business.

Conglomerate New Hope Group has co-founded a VC fund called Qinghan Fund to invest in media and entertainment, and Huashi Entertainment has also supplied capital.

The Magna-backed scheme aims to offer capital, mentorship and networking opportunities to Canada-based startups operating in the artificial intelligence sector.

Chemicals provider Evonik has made a strategic commitment to the China-based, agriculture and nutrition-focused Hosen Capital Fund III.

R/GA Ventures has announced the 10 startups that will participate in its R/GA IoT Venture Studio UK.

The consumer electronics producer will be the anchor investor in Orbis Capital, and is recruiting limited partners including private equity firms and pension funds for the rest.

Commercial vehicle producer Scania will back startups developing sustainable transport technologies through a dedicated fund called Scania Growth Capital.

Ride ordering platform Grab intends to provide $100m for Indonesia-based mobile and financial technology startups as part of a $700m investment drive in the country.