Allied Minds, one of the biggest investors in US university research, raises its largest ever funding round.

Australia-based Vivant Ventures, the digital technologies incubator unit of Vivant, has formed a partnership with Australia investment firm MH Carnegie, which will be a welcome venture for companies hatching out of the Vivant incubator looking for follow-on funding.

Globe Telecom's venturing unit, Kickstart ventures, has created a partnership with Australia incubator Pollenizer to back entrepreneurs in the Philippines, where many solution-based ventures have yet to be explored.

Calpian, a US electronic payments processing company, is set to see sales figures in its India-based investment, My Mobile Payments, grow substantially if the target company raises an anticipated series B round of between $75m and $100m, which will fuel an ambitious sales and marketing campaign.

India pharmaceutical sales company, Cipla, is setting up an incubator unit to access the latest market trends across new geographic markets.

Ann Arbor-based venture capital firm Huron River Ventures closes $11m investment fund.