Global University Venturing

David Paterson, once the director of tech transfer at Pennsylvania State University, has rejoined the academic world by accepting a position as assistant vice-president at CSU.

Allied Minds has returned to back satellite intelligence gathering technology company HawkEye 360 after having taken part in an $11m round in 2016.

Innsbruck’s customer chatbot spinout Onlim has raised funding from tourism tech firm Feratel and the university ahead of a series A round scheduled for next year.

IU spinout Care Revolution has been backed by the university's Philanthropic Venture Fund after previously raising funds in 2016.

Michael McQuade will become vice-president for research at Carnegie Mellon in January 2019 after six years as a trustee for the university.

Endocrine disease therapy developer Millendo, spun out of University of Michigan, will merge with publicly-listed OvaScience, raising a further $30m in the process.

James Cook University has formed its first spinout, Paragen Bio, which will commercialise autoimmune disease therapies derived from a blood-sucking tropical parasite.

Antibiotics developer Bugworks Research has been backed by Utec in its bid to commercialise a treatment for hospital superbugs.

Based on research at MD Anderson, Magnolia Neurosciences has launched with funding from corporates AbbVie, Eli Lilly, Pfizer, Johnson & Johnson and WuXi AppTec.