The China-based ophthalmology hospital group will provide 9.8% of the capital for the fund, which will target eyecare startups in the region.

Yu Dong, chairman of China-based film distributor Bona Film has launched a $100m media and entertainment fund that is set to be backed by Bona and Chia Tai.

Business Growth Fund, backed by the UK's five biggest banks, will form a venture capital subsidiary to invest in earlier-stage businesses.

Louisiana State University announces another $2m for its Lift fund.

The healthcare IT company will fund early-stage companies developing disruptive healthcare technology.

The entertainment producer will put up 20% of the capital for the fund, which will invest in a diverse range of sectors.

Kingsoft, Xiaomi and Zhigu have contributed a total of $8m to the fund, formed in the wake of a patent law ruling by the Chinese government.

Airtel Nigeria, a subsidiary of Indiabased Airtel, has launched a programme that will invest in Nigeria-based mobile app developers.

Texas-based seed and early-stage venture firm Mercury announces $105m fund.