Tech transfer arm Edinburgh Innovations has created a new role of director of venture creation to increase the number of companies it spins out.

It becomes the fourth academic institution in the north of England to join the university spinout investor.

Van Wensveen worked in commercialisation at Austrialian government research organisation CSIRO for more more than three years before joining the ventures fund.

He will be joining the Mussallem Foundation to work on treatment for children with congenital heart disease.

The pot of money will fund AI researchers as US universities face cuts to funding for science and research.

Gundi joins Northern Gritstone at a time of capital expansion at the investment company.

Oxford Science Enterprises has tapped the credit market to boost its capital as it anticipates an uptick in exits over the next few years.

Aviva has expanded into university spinout investing following an earlier investment in the University of Cambridge's affiliated fund, Cambridge Innovation Capital.

His background includes roles in strategy consulting, early-stage companies, venture capital and pharmaceuticals.

The investment fund aims to close the gap in funding for university ventures after the proof-of-concept stage.