Beta Bionics has been launched as a public benefit corporation to commercialise automated bihormonal pumps for type 1 diabetes sufferers.

The seven programs, formed between two University of Maryland institutions, UMB and UMCP, include a commercialisation vehicle for high-potential spinouts.

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

New York University has partnered venturing fund Rethink Education and trade advisory network StartEd for the accelerator, which could lead startups to a $170,000 follow-on investment.

Trade bodies PraxisUnico and Auril have combined in a bid to improve their policy responses, support materials and events.

University of Tokyo's investment unit and financial services provider Shinsei Bank have backed the fund, which will support local spinouts and startups.

Touchstone Innovations has returned to back behavioural analytics spinout Featurespace in a funding round that also included payment processing platform Worldpay.