GlaxoSmithKline launches Action Potential Venture Capital and makes inaugural investment in SetPoint Medical.

Microsoft Ventures in India will bring its seed fund, start-up accelerator and BizSpark into a single programme.

NHN, operator of South Korean web portal Naver, is setting aside $90m to back small IT companies and venture start-ups, just as South Korea's Fair Trade Commission investigates NHN's "tremendous power" over advertisers and software developers.

Nigeria-based energy conglomerate Sahara Group has created a new unit, Sahara Infrastructure Development and Venture Capital.

Russian high technology developer and manufacturer unveils new venture arm.

Australia-based technology venture investor and accelerator group for online companies, Blue Chilli, has reported that its digital map of the Sydney start-up sector will be updated between every four and six months. The map details over 30 different organisations and companies, and more than 100 start-ups, conferences and meet-ups.

The inaugural Global University Venturing Summit was held last month at the London offices of law firm Baker Botts. See presentations from the event here.

Nvidia-backed video game console OUYA establishes $1m game development fund.

Separately, the University of Melbourne in Australia has launched a start-up accelerator, Melbourne Accelerator Program

Other limited partners include state-backed European Investment Fund, Scottish Enterprise and the Strathclyde Pension Fund.