As CEO of Siemens Venture Capital until the creation of its Next47 corporate venturing unit last March, Schnell had included advisory services to its in-house pension fund.

Purdue-born Spensa recently detailed how its live insect phenology model could help farmers predict how insect populations develop.

Newcastle and Durham universities have been joined by regional peers Northumbria and Sunderland in a commercialisation drive backed by government funding.

Samsung-backed nLight Photonics has filed for an initial public offering, aiming to raise approximately $86.3m when it floats on the Nasdaq Global Market.

Existing shareholders including Ikea's holding company returned to back a $16.9m round for Metalysis, which produces metal powders for 3D printing.

AVIC-backed Flying Whales, which is developing an airship that can transport up to 60 tons of cargo, raised its most recent funding this month.

The Ohio State spinout raised an additional $900,000 to advance its speed control gear technology for industrial robots.