The Bing Fund's general manager is Rahul Sood, who set up VoodooPC, which was sold to Hewlett Packard in 2006.

Procter & Gamble loans Jeff Weedman, vice president of global business development, to the local venture capital project called Cintrifuse for two years.

Cherry Murray, dean of Harvard's School of Engineering and Applied Sciences, launched Xfund in January and its "experiments underway" include Rock Health, Tivli, Omada and QED.

Trevor Mundel, the Gates Foundation's recently appointed head of global health, told news provider Financial Times (FT) he hoped to oversee a series of investments in companies each likely to be worth several million dollars.

The $300m Braemar Energy Ventures III fund will invest in venture and expansion-stage energy technology companies that serve the conventional and alternative energy markets.

News provider Financial Times (FT) said Fosun had approached sovereign wealth funds among others to be its partner as it hunts for deals in the consumer, financial services, green energy and healthcare sectors.