Faculty, students and alumni are set to benefit from the $200m vehicle, set up by the Technion Research & Development Foundation and UG Capital Management.

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

Northwestern University spinout Edge Surgical has raised $1.4m in seed funding.

A total of 13 universities and organisations based in the German state have joined forces to launch an innovation network that is expected to boost technology transfer.

Simon Davidson will join Allied Minds as executive vice-president from tomorrow, leaving his position of managing partner at In-Q-Tel.

Immune-Onc has licensed research from University of Texas, Albert Einstein College of Medicine and Memorial Sloan Kettering Cancer Center.

MIP Diagnostics has received additional cash from Mercia Fund Management, which has backed the Leicester spinout since 2015.

Queensland spinout Brisbane Materials has collected an undisclosed sum from investors including multi-university venturing fund Uniseed.

Mobile data analysis technology developer Sentiance, based on Vrije Universiteit Brussel and Ghent University research, has received additional capital from Qbic.