The institute has joined forces with Kasim Reed, mayor of Atlanta, and 10 local corporations to launch Engage, an accelerator program supported by a $15m fund.

Gerako, AI Partners and several insurance providers have backed Butterfly Venture Fund III, which will invest in seed-stage Nordic-based startups.

Versant Ventures sources some of its deals through a drug discovery engine that commercialises research conducted at US and Canada-based universities.

The Abu Dhabi-owned fund is considering a $10bn to $15bn contribution to the fund, which is expected to close at $100bn by the end of this month.

The corporate will back innovative technology up to series B stage and has announced the first 10 portfolio companies for the newly launched unit.

Qualcomm and Foxconn are set to join Apple, which has confirmed it will invest $1bn in the SoftBank fund, which is expected to formally in the upcoming weeks.

Royal County of Berkshire Pension Fund has provided half the capital secured by the fund so far.

Coca-Cola has wound down its Founders program, which had invested in eight startups since its inception in 2013.

L'Oreal has committed an undisclosed amount of money to the latest fund to be raised by venture firm Partech Ventures, which closed a $107m fund last month.