The fund, managed by Idinvest Partners, has achieved an initial $88m close and is expected to reach its final close in 2017.

Grosvenor Group has injected $26m into GreenSoil Building Innovation Fund, increasing the fund's total to $55m, over halfway to its target size of $100m.

The France-based venture firm has secured Nokia, MAIF and Fnac-Darty as limited partners and will have the option to co-invest with the fund themselves.

Accenture and the Irish government agency have extended an invitation for startups to join the third batch of its Fintech Innovation Lab.

Sydney University has put $1m into a student-founded accelerator as Phoenix University opened its innovation hub RedFlint and Harvard University's Jeff Bussgang unveiled a $2.5m fund.

SoftBank is committing $25bn to its SoftBank Vision Fund, with up to $45bn to come from Saudi Arabia's sovereign wealth fund and up to $30bn from additional backers.

Singtel has revealed the seven startups to take part in its Future Makers incubator following a pitch competition between 12 finalists.

Baidu has set up a new unit to invest in mid to late-stage startups, following a range of initiatives last month including the $200m Baidu Venture corporate venturing division.

The state-owned oil and gas company has launched a $7.5m investment vehicle, while IndianOil is putting $4.5m into its own unit.