New Economy Initiative, a project funding incubators in Detroit, attracts $33m in new funding.

IDG Ventures is raising its second fund and according to local business news reports, is looking to High Net Worth investors and family offices from India to meet its fundraising needs.

The Microsoft Ventures Accelerator in Beijing China has selected the 19 start-ups that will participate in the fourth Beijing Accelerator class taking place in January. Accelerator Participants receive an average $250,000 worth of resources.

Heureka II growth equity fund, managed by Acton Capital Partners, and backed by Hubert Burda Media raises $110m at first close.

Provincial and federal governments in Canada launch new CAN$100m venture fund.

Sales management platform Salesforce invests an undisclosed sum in B2B-focused Stanford accelerator Alchemist.

Inventus Capital Partners portfolio company, Vizury, an India advertising retargeting start-up already backed by Nokia Growth Partners, is looking to raise $20m in a series C round of funding led by its existing backer. Prior to this fundraising the company has raised a reported $11m.

US-based pharmaceutical multinational Johnson & Johnson is opening a new biotech incubator in Israel, expected to be operational early this year.