IBM is investing $1bn in establishing a new business unit to capitalise on the cognitive computing power of its Watson technology, including $100 million in venture investments for Watson-powered apps.

Defence contractor Northrop Grumman to partner with Johns Hopkins University, BioHealth Innovation, and DreamIt Ventures on startups.

Leandre Ibar Penaba talks to Erik Van der Kleij, head of technology accelerator Level39, located in the One Canada Square building in Canary Wharf.

UK-based early stage investor Mercia announces third SEIS fund to target emerging firms, including spin-outs.

Dell Ventures has ramped up its commitment to corporate venturing by establishing a $300m Strategic Innovation Venture Fund focused on storage, cloud computing, big data, data centres, security and mobility.

Indian software company launches SMAC-focused fund and makes inaugural investment in video call app Ustyme.