Alcoholic beverage company Constellation Brands has formed a corporate venturing unit and has already made its first investment, in pre-mixed cocktail maker Crafthouse.

The aircraft producer has already already launched versions of the BizLab accelerator program in France and Germany so far this year.

The pharmaceutical firm has committed a "significant" amount to the latest fund to be raised by investment firm LSP as part of a strategic collaboration agreement.

The newly privatised postal, insurance and financial services provider manages more than $1.6 trillion in government bonds.

Citrix Startup Accelerator, launched in 2011, reportedly will be eliminated as part of a company-wide cost-cutting initiative.

The fund is set to target Israel-based biotech startups and, according to Globes, plans to raise between $50m and $100m.

The gaming hardware manufacturer is readying a corporate venturing unit that will fund startups while also offering strategic support.

IDG Capital Partners and FXiaoke are teaming up for a fund that will invest in early-stage China-based sharing economy software developers.

Harvard Business School to receive $20m donation from Kraft family to boost medical commercialisation.

Drexel University to partner Ben Franklin Technology Partners on seed fund potentially worth up to $10m.