The fund will be managed by Teri Willey for Indiana University Research and Technology Corp and will focus on prototyping and proof-of-concept through to early-stage investments.

UBI Global has announced the winners of its global incubator benchmark, with SetSquared retaining number one but this time sharing the position with DMZ.

The UC Berkeley-affiliated House Fund is seeking up to $50m for its second vehicle, after closing a $6m fund in 2016.

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

NYU Innovation Venture Fund has put its weight behind KitSplit, an online marketplace to rent equipment such as cameras, drones and virtual reality headsets.

Cambridge Innovation Capital has led a $12m series A close for GeoSpock, which had already secured an initial $5.4m tranche in 2015.

UNC Chapel Hill spinout Liquidia has secured an initial $25.5m and is aiming for a $53.3m close.

The city of Phoenix has approved funding for a medical technology accelerator, dubbed Innovention, which will be operated in collaboration with University of Arizona.