The $50m life sciences fund was launched by GlaxoSmithKline last week, and will be partly run by its SR One corporate venturing unit.

Steel manufacturer Nanjing is joining its parent company Fosun International in searching for corporate venturing opportunities.

The newly formed corporate venturing fund will be investing half of the $26m earmarked for internet startups, in Indonesia.

The Taiwan-based financial services firm is aiming to raise up to $300m in funding for a corporate venturing unit which will operate in mainland China.

American Express will deploy $100m into early stage through a digital commerce initiative led from Silicon Valley by Harshul Sanghi, previously at Motorola Mobility Ventures.

The Saudi Arabian diversified manufacturing and chemicals company has launched a Europe-based corporate venturing arm, to be known as SABIC Ventures.