Global University Venturing

Basel Inkubator, created by University of Basel and University of Applied Sciences and Arts Northwestern Switzerland, is winding down as the universities rethink their spinout support.

HTGF has participated in a seed round for Kumovis, a spinout of Technical University of Munich that is working on 3D printers for medical technology.

Fortinet has acquired Edinburgh Napier spinout ZoneFox for an undisclosed sum and will integrate the company’s machine learning technology into its own cybersecurity offering.

Seventure Partners has injected $5.2m into the Sanger Institute spinout, which has now raised $15.2m from investors also including IP Group and Cambridge Innovation Capital.

Fosun Pharma has committed series A funding to Glycotest, a liver disease diagnostics developer based on research at Baruch S. Blumberg Institute and Drexel University.

University of Washington has established RNA sequencing technology developer Split Biosciences, which has raised $1.2m in seed funding from unnamed investors.

UC Berkeley SkyDeck has partnered TSMC, Cadence and SiFive to launch an accelerator track aimed at semiconductor technology developers called Chip Track.

Orphan disease drug developer PhaseBio Pharmaceuticals, which is commercialising research from Duke University, cut the price of its shares sharply pre-offering.

Cass Entrepreneurship Fund has returned to back a $3.9m funding round for Raremark, which is working on delivering precision medicine for patients suffering from rare diseases.

Qpex has raised $33m in series A funding from Stanford University Draper Fund and others after spinning out of the Medicines Company to develop drugs targeting superbugs.

Cengiz Tarhan will step down from his role as managing director of UCL Business at the end of this month, 25 years after he established tech transfer office.