The Deakin University-backed accelerator has selected the first startups to join its program.

Spinouts developing products ranging from troubleshooting for quantum computers to energy efficient wifi devices will be supported by the innovation fund.

The ophthalmology-focused precision medicine developer has licensed research from several universities, including Edinburgh.

UK-based drug research spinout Aquila Biomedical has been purchased by Concept Life Sciences, which hopes to enhance its own service offering to multiple scientific industries.

The university has partnered Baotou Steel to spin out a steel waste recycling and carbon capturing system due to launch in China by mid-2018.

The Cornell University spinout will look at inhibitor drugs that could better fight autoimmune and inflammatory diseases.

3D mapping technology developer Paracosm, which had received $3.3m in a 2014 round featuring iRobot, has been acquired for an undisclosed sum.

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