Global University Venturing

Despite US-China tensions. the fund has a diverse LP base from with about half the funding from Greater China, sitting alongside backers from Southeast Asia, Europe, the Middle East and the US.

The VC firm is raising money from investors for its second UK spinout fund.

The US university has partnered with a Silicon Valley-based VC firm to manage the investment fund.

Early-stage VC Velocity manage the independently run fund, which backs spinouts from the Canadian university.

Tech transfer arm Edinburgh Innovations has created a new role of director of venture creation to increase the number of companies it spins out.

The British Business Bank plans to invest in university spinout investment funds outside of the Golden Triangle.

It becomes the fourth academic institution in the north of England to join the university spinout investor.

Van Wensveen worked in commercialisation at Austrialian government research organisation CSIRO for more more than three years before joining the ventures fund.

He will be joining the Mussallem Foundation to work on treatment for children with congenital heart disease.

The federal cuts to science and research funding mean US universities are leaning more on spinout funds and tech transfer offices to generate income.

The pot of money will fund AI researchers as US universities face cuts to funding for science and research.