Nokia-backed incubator M:Lab East Africa wins backing from Hong Kong's Grow Venture Community.

Fifth Third Bancorp is eyeing $6m to $8m of investment in start-ups in its local states in a programme developed with West Capital Advisory.

Cisco corporate development executive Yann de Vries and Anderson Thees, formerly chief executive of Brazil-based search engine Apontador lead the venture.

The Japan-based automotive supplier and safety technology company has teamed up with venture firm Lakeland to pursue a "part corporate venturing, part business development accelerator model".

The China-based computer maker invests in the Israel-based venture firm in an effort to further target that country.

Amir Aviv, chief executive of Poalim, will head the fund, with Bank Hapoalim's Ari Pinto, head of corporate strategy, and Zvi Naggan, head of information technology a former Amdocs executive, on the committee, according to news provider Globes.

Johnson Controls reportedly invests in Nth Power's planned $200m fund and also takes a $5m stake in US-listed Azure Dynamics.

Intel's corporate venturing unit launches its$100m Connected Car fund to invest in technologies for the car, which follows the creation of its AppUp and Ultrabook funds.