Victor Christou has stepped down from his position as chief executive of Cambridge Innovation Capital just weeks after helping the unit raise $196m in additional funding.

Building on UMCP research, PaverGuide supplies a base material for laying paved surfaces made from recycled plastic rather than stone.

Scott Morley has been appointed as director of the Coulter@Pitt medtech accelerator, in addition to his duties as entrepreneur-in-residence at the university's Innovation Institute.

Chalmers University of Technology’s investment and incubator unit recorded a $79,000 operating loss for the year, during which it backed 34 portfolio companies with a total of $3.5m in funding.

The Brad D Smith Incubator is a partnership between the university’s Brad D Smith Schools of Business and Robert C Byrd Institute, and will welcome tenants this summer.

Stanford University has participated in a $46m funding round for Gen.G together with venture capital firms and celebrity investors such as actor Will Smith.

Gyroscope Therapeutics, spun out of Cambridge and Syncona, has merged with Orbit Biomedical to form a fully-integrated retinal gene therapy developer.

The Engine has participated in a $21m series A round for its portfolio company Zapata Computing, a quantum technology spinout of Harvard University.

IDF Innov-allied brain implant developer Neurallys plans to market sensors that measure intracranial pressure to combat the severe neurological complication hydrocephalus.

Aptiv and CAC Holdings joined corporate venturing units Trend Forward Capital and Motley Fool Ventures in a $26m round that almost doubled the MIT spinout's funding.