The social media company will provide up to $30,000 in services for fledgling app developers.

Instant messaging company Line has launched a $42m fund that will seek to fund e-commerce, payment, media, entertainment and online-to-offline companies.

StartHealth will invest an initial $1.6m in startups developing healthcare technology that can benefit lower income patients.

The petroleum producer's corporate venturing unit will partner with local university Masdar to fund energy and water technology startups.

The corporates will invest the money in medical device technology companies graduating from the incubator over an eight-year period.

The e-commerce company has set up a $129m non-profit organisation that will fund startups based on its e-commerce ecosystem.

Tencent and Renren were both among the contributors to the second fund raised by the Israel-based 'super angel investor'.

The entertainment company will invest $120,000 each in the 10 startups that graduate from its Techstars-affiliated accelerator.