In partnership with SolarCity, Google's fund will extend solar leases and power purchase agreement options to customers.

Founded by industrialist Ajay Piramal and former State Bank of India chairman, AK Purwar, the investors in the $111m healthcare fund will be Indian companies and high net worth individuals, according to news provider Financial Express.

Tencent had already invested RMB2bn of its committed RMB10bn ($1.5bn) Industrial Collaboration fund in the first six months and has set up joint ventures with Groupon for discount coupons in China and chip maker Intel for social gaming.

Through its Samho Green Investment Venture Capital (SGI) unit, Samho has joined with the Korean Ministry of Knowledge Economy's Korea Institute for the Advancement of Technology (KIAT), the Singapore Economic Development Board (EDB), the St Petersburg government and a Russian state investment vehicle (Rusnano), and intellectual property manager 360ip in starting the Asia Nanotechnology Fund.

Martin Lau, president of Tencent, said: "Tencent and Innovation Works will collaborate to provide an open and supportive environment for internet startups to foster growth and creative development."

More than 70 of Foley's 350 legal partners have committed to the $4m corporate venturing fund, which will be drawn down over two years.

Grebow left Cephalon to manage Cephalon Ventures from his eponymous consulting company, according to news provider In Vivo that first spotted the story.

News provider In Vivo, which spotted the move to independence by NovaQuest, said a regulatory filing by the investment team showed it had raised $117m of a planned $500m fund.

Entrepreneurs applying at GrowLab can gain up to C$25,000 in seed financing, four months of mentorship, free office space and the opportunity to pitch investors at the end of the program for follow-on funding.

Craig Walker set up Firespotter Labs after selling GrandCentral to Google (it became Google Voice) and becoming an entrepreneur-in-residence at Google Ventures.