Global University Venturing

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

New York University has partnered venturing fund Rethink Education and trade advisory network StartEd for the accelerator, which could lead startups to a $170,000 follow-on investment.

Trade bodies PraxisUnico and Auril have combined in a bid to improve their policy responses, support materials and events.

University of Tokyo's investment unit and financial services provider Shinsei Bank have backed the fund, which will support local spinouts and startups.

Touchstone Innovations has returned to back behavioural analytics spinout Featurespace in a funding round that also included payment processing platform Worldpay.

The bridge round will enable New York University spinout Spin Transfer Technologies to fund development of a commercial product based on its temporary data storage technology.

Palleon Pharmaceuticals has launched with $47.6m in series A funding to commercialise cancer therapies based on technology developed at Stanford and Dundee universities.

Amazon reportedly paid as much as $100m to buy Body Labs, whose scanning technology could help accurately predict the best fit for clothing customers on its portal.

The Kyoto University spinout has been valued at $114.7m in a cash-and-shares deal that gives University of Tokyo Edge Capital a partial exit.