Global University Venturing

Harvard Medical School spinout TScan has come out of stealth with $48m in funding provided by investors including GV and two Novartis units.

Cash Capital joined a unit of Red Star Macalline to back Mingdu Intelligent, which provides drug manufacturing services mainly related to data management and quality control.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Johnson & Johnson, Alexandria Venture Investments and Serum Institute of India contributed to a series A for Albert Einstein College of Medicine spinout X-Vax.

A survey by Knowledge Transfer Ireland suggests there are now 119 active spinouts in Ireland, with Irish universities responsible for 76% of the country's patent filings last year.

Pennsylvania Biotechnology Center of Bucks County is launching a $50m fund to invest in resident startups and to help establish university spinouts.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

University of Cambridge's automated music production app developer Jukedeck has been picked up by internet technology firm Bytedance's TikTok.

Cambridge-founded touchscreen sensor manufacturer CTT has added $10m from investors including chemicals firm Kureha to its coffers.

Funding for Oxford spinouts jumped more than three-fold year-on-year in terms, while OUI generated four new spinouts on top of 118 disclosures and 19 patents.

Social network Facebook’s plans to launch the Libra blockchain and native cryptocurrency, its custodial wallet and subsidiary Calibra, programming language Move and its governing body the Libra Association based in Geneva, Switzerland, certainly took most of the attention this month.