The University of Washington's venture fund is set to deploy the money during four years.

James Golubieski, president of Foundation Venture Capital Group, says it invested in GeneAssess because a gene it has identified appears to be found in breast cancer, but also shows potential for other cancers.

Procter & Gamble loans Jeff Weedman, vice president of global business development, to the local venture capital project called Cintrifuse for two years.

Cherry Murray, dean of Harvard's School of Engineering and Applied Sciences, launched Xfund in January and its "experiments underway" include Rock Health, Tivli, Omada and QED.

Cliqr Technologies, a US-based provider of services for applications, has raised $1m in its seed round from corporate venturing unit Google Ventures and venture capital firm Foundation Capital.

Alongside KBS+P Ventures in the round were venture capital firms and angel investors.

Corporate venturing unit SingTel Innov8 has linked up with an Australia-based subsidiary of its parent to invest in Australian seed deals.