OpenText joined a raft of banks and the Canadian government in backing the fund-of-funds, which could signal the acceleration of Canada's VCAP programme.

The yoghurt producer has formed a New York-based incubator for entrepreneurs seeking to disrupt the food industry.

The corporates are sponsoring the Germany-based accelerator, which will invest $25,000 in startups developing eye treatments.

The security software company will back internet-of-things startups in China, the US and Israel.

The smart meter maker has partnered with First Capital to form an $81.7m corporate venturing fund, for which they will each provide 10% of the capital.

Game Accelerator Execution Labs has raised $5.3m in a round led by Corus Entertainment to launch two accelerator programmes for gaming studios.

The online travel information provider will invest in startups directly while also providing an incubator for entrepreneurs with good ideas.

Media company Espresso Group has formed a corporate venturing fund in conjunction with venture capital firm Innogest that will target digital business startups.

The telecom firm will wind down its main corporate venturing subsidiary, T-Venture, in favour of the new unit, Deutsche Telekom Capital Partners.