Totalling $30m, the funds will finance healthcare ventures spinning out of the academic medical care system.

Cambridge Innovation Capital has launched a £250m fund, committing at least £100m to the university's spinouts.

The fund is part of the university’s newly set up investment arm Monash Ventures, supporting healthcare developments.

The venture capital firm plans to write larger cheque sizes for startups in its sixth fund as its portfolio companies grow internationally.

The CEO of the university spinout fund is leaving at the end of this year.

The foundation backs Georgia Institute of Technology's spinouts in areas including medtech, robotics, AI, marketplaces and defence.

Despite US-China tensions. the fund has a diverse LP base from with about half the funding from Greater China, sitting alongside backers from Southeast Asia, Europe, the Middle East and the US.

The VC firm is raising money from investors for its second UK spinout fund.

The US university has partnered with a Silicon Valley-based VC firm to manage the investment fund.

Early-stage VC Velocity manage the independently run fund, which backs spinouts from the Canadian university.