The spin out of ImageIQ followed Cleveland Clinic's creation in January of an Innovation Alliance with MedStar Health, a $4bn not-for-profit regional health care system based in Maryland.

Instead of providing cash, YetiZen will offer space and three months of mentoring from its advisers, who include Jeff Karras of Singtel Innov8 and Patrick Chung of SK Telecom Ventures, in return for equity.

Yandex.Factory will invest up to hundreds of thousands US dollars in Russian and international projects at their seed or early investment stage.

Potential investors in Happiest Minds Technologies include media company International Data Group's IDG Ventures India subsidiary, Sudhir Sethi, who was head of venture capital firm Walden India International when it invested in MindTree and is now founder and chairman of early stage venture capital firm, Walden India, Sequoia and one or two other venture capital firms, news provider Economic Times said.

US-based natural gas production start-up Nuevo Midstream has raised $65m from EnCap Energy Infrastructure Fund, Torch Energy Advisors and Petroleum Fuels Company.

The intellectual property bank is to be set up with NT$500m ($17m) from venture capital firms and local equipment companies HTC, Acer and Asustek Computer under the supervision of Taiwan's semi-official Industrial Technology Research Institute (ITRI).

The launch of Nordic Global Airlines, an all-cargo airline, is expected later this year with minority backing by Finnair Cargo, a subsidiary of the Finnish national carrier, Finnair.

News provider TechCrunch said CivicScience raised $1.2m from marketing research company, NPD Group, national polling company ALR, and angel investor Kevin McClatchy.