The virtual reality system developer will supply the cash to indie game developers as it prepares to launch its platform in the first quarter of next year.

The fund, which brings the amount managed by the Nokia-sponsored firm to more than $1bn, will look to invest in a wide range of internet of things technologies.

Campbell Soup has committed the money to a venture capital vehicle called Acre Venture Partners, which will fund food technology startups.

The delivery and supply chain services provider will target investments in logistics startups and expects to reveal its first portfolio company shortly.

The $30m JP Morgan Chase-backed Financial Solutions Lab will invest up to $3m in graduates from its next batch of startups, and is accepting applications now.

Insurance Australia Group aims to set up a direct investment unit that will operate under its innovation division, IAG Ventures.

Jigsaw will take over from Google think tank Google Ideas and will incubate companies concentrating on information access and online security.

Statoil Energy Ventures will invest the capital over the next four-to-seven years and will complement the firm's Statoil Technology Invest unit.

The landscaping company, together with investment firm Hejun Zhengde, has launched a virtual and augmented reality fund that is targeting a $15m first close.