Johnson & Johnson has opened its fifth JLabs incubator in the US at the Texas Medical Centre, launching with an initial 21 startups.

Kensington Capital Partners has achieved a $228m final close for its fund of funds backed by investors including Torstar and OpenText.

Oregon State University launches fund with Rogue Venture Partners that is expected to raise between $10m and $20m and will invest in companies within the state.

The university has set up a new seed-stage fund to build on its successes from last year, when Purdue created a total of 40 new businesses.

BP, Pie Mapping and Natwest are among the backers of an initiative that will support UK-based startups.

Telstra has provided $7m for the $80m Southeast Asian fund being raised by Singapore-based Monk's Hill Ventures, joining LPs already including Cisco and Yahoo Japan.

The electronics producers will set up a joint fund in March 2016 that will seek out startups in the internet of things, robotics and other emerging sectors.

Imperial Innovation plans to raise $145m by placing new ordinary shares to London's alternative stock exchange Aim.