The Star Accelerator Fund is offering up to RM300,000 to pre-seed and up to RM1m to seed stage entrepreneurs in return for an undisclosed equity stake.

The relationship of the three co-founders of Formation 8, Brian Bonwoong Koo, Jim Kim and Joe Lonsdale, are designed to help these strategic partnerships.

Unilever Ventures raises $450m, as first reported in our April magazine, as part of a profile of Unilever Ventures, which we named the most influential consumer sector unit in corporate venturing.

Fund "to help people realize their dreams".

Bill Maris, managing partner of Google Ventures, said venture capital firms Kleiner Perkins Caufield & Byers (KPCB) and Andreessen Horowitz had joined its Glass Collective.

The Reach accelerator has six companies, BombBomb, Lumentus, Planwise, Reach150, Updater, and Workface, in its initial nine-month long programme after receiving 130 applications.

Obama signals his intention to earmark $100m for brain research in the 2014 budget.