The Philippines-based telecommunications firm expects to invest $50m in startups this year through its newly launched PLDT Capital unit.

AbbVie and WuXi PharmaTech joined limited partners already including Eli Lilly, Pfizer and Johnson & Johnson to help the early-stage venture firm close its fourth fund.

Publicis Machine hopes to identify local startups working on new technologies for the restaurant sector through its Drugstore accelerator programme.

Qualcomm will fund mobile and internet of everything companies through a newly formed fund that will be advised by its Qualcomm Ventures subsidiary.

Fosun and the provincial government of Zhejiang will use the fund of funds to foster an improved economic ecosystem in the province.

Microsoft is set to support ten companies in India as they navigate their growth phase through its scale-up programme.

Michigan University commits $345m to seven investment managers from its $10bn long term endowment pool.