Global University Venturing

Flame Centre for Entrepreneurship and Innovation has launched with plans for a five-month accelerator that will support between 10 and 15 startups.

The fund, affiliated with IIM Ahmedabad, has raised approximately $50m for its first close two years after first being announced.

University of Chicago and Northwestern University have drawn more funds from a JP Morgan Chase initiative designed to support inner-city entrepreneurship and underrepresented groups.

Galvanize has raised $32m from investors including University Ventures and is using some of the money to acquire coding bootcamp operator Hack Reactor.

The Johns Hopkins-backed antibody developer floated above its range and has seen its stock almost double in price.

The UC Investment Office-backed cancer drug developer cut the number of shares in the offering but priced them at the mid-point of its range.

A report released last week by the Center for Advancing Innovation and PatSnap shows the US and the EU are falling behind on the number of patents filed.

Parkwalk has returned to back Oxford spinout Proxisense, which develops sensors for evaluating the status of industrial components.

The UCL and University of Houston spinout has raised more than $22m to date and is commercialising magnetic surgical guidance devices for breast cancer procedures.