Innovacorp's Greg Phipps said the graduate job hunter-targeted site bridges a gap between the professional networking of LinkedIn and the "purely social networking of Facebook".

South Africa-based development agency Industrial Development Corporation reportedly backs a joint venture between the University of Johannesburg's Photovoltaic Technology Intellectual Property company and listed Germany-based renewable energy company Singulus Technologies.

The South Africa-based development agency reportedly backs a joint venture between the University of Johannesburg's Photovoltaic Technology Intellectual Property company and listed Germany-based renewable energy company Singulus Technologies.

More than 50 corporate venturing units managing more than $5bn selected the two winners out of 15 finallists at the challenge, held in the UK and organised by Global Corporate Venturing and in partnership with American Security Challenge.

UK micro-processing company Arm's vice president of corporate business development says the UK needs to develop a culture where people want to talk about entrepreneurship at a dinner party.

NuMat Technologies, a spin-out from Northwestern University, won a $135,000 prize at the University of Texas.

The former Biologics and Clinical Therapies division of Smith & Nephew spins off with backing from Essex Woodlands and its former parent.

The lighting company working out of the Portland State University Business Accelerator is on course to raise $3m.

The lighting company, which uses technology spun-off from failed Intel Capital-backed solar company SpectraWatt, raises $3m.