The financing, $37.7m of which is equity funding, will be used by the Waste Management-backed company to expand a biomethanol production facility.

Oxford forms Animal Dynamics to develop bio-inspired vehicles based on Department of Zoology research.

Institution of Mechanical Engineers launches $2m fund which immediately backs spinouts.

The Medtronics-backed flexible electronics developer has now raised $100m since it was founded in 2008.

Innovation consortium America Makes plans $8m fund to support 3D printing research and development.

Road builder Sadbhav Infrastructure Projects secured $31.6m from anchor investors including Tata and Tata AIG Life Insurance as part of the initial public offering.

The venture firm is yet to disclose its new target for the oversubscribed fund, in which Flextronics is an LP, but has already begun investing.

Intel has invested in unmanned aerial vehicle and aerospace Yuneec as part of a deal that will see the two companies collaborate on products.