The transition to electric mobility means fewer vehicles need transmissions, so Allison is looking for new business ideas from startups.

The fund is raising an initial £150m to finance deep tech startups from eight universities in the UK Midlands.

The MSG seasoning manufacturer has opened a Silicon Valley CVC office three years after it began startup investment activities in Japan.

SAIC named Michael Hauser VP of products, investments and strategic partnerships, and he will be managing partner for its corporate VC unit.

Hella Ventures has moved its team to Michigan to be closer to the centre of the US automotive sector.

BMW was among the investors that backed the UK venture firm, which will be divided into a $100m seed fund and a $150m growth fund.

Serial entrepreneur Andrew Brackin and seasoned VC Siri Srinivas have joined Alphabet’s early-stage AI fund as partners.

Equirus InnovateX Fund will invest in software, deeptech and fintech companies at seed stage, providing between $500,000 and $1m per deal.

Both the US and China are putting forward national biotech strategies. Here is an idea of the disruptions to expect.

German food companies are some of the new corporate investors in startup Infinite Roots.