Separately one of its portfolio companies, Wildcat Discovery Technologies, has raised $7.5m.

The ZTE Innovative Fund will help incubate new technologies and business models suggested by its 80,000 employees.

The chief executive of Chesapeake Energy details his company's plan to invest more than $1bn in corporate venturing projects designed to stimulate the demand for natural gas.

Social gaming company CrowdStar sets up its own seed fund, after it secured backing from Intel Capital, Time Warner and The9.

Chesapeake is setting up a $1bn corporate venturing fund to deploy over 10 years to help gas more effectively compete with oil as the world's main fuel for transport. It also announced more than $300m of investment during three years in two clean tech companies.

Google Ventures is reportedly being given more support by its parent company, through staff as well as firepower, as one of it portfolio companies gears up for a float.

Renamed Whiz Partners, CSK will retain a one-third stake.

Local telecoms conglomerate Spice Mobility said it would cornerstone the Assocham fund by committing 10% to 20%.

A board of directors meeting sees the East Asian steel company make a move into clean energy.

CMEA reportedly said its $400m, 2008-vintage fund might be last in its current format after hiring CFO.