Global University Venturing

The facility will feature four laboratories to research fields such as geothermal energy and hydrogen-fuelled cars, while also furthering an $239.5m collaboration with other Midlands region universities.

Julie Goonewardene has been named as chief innovation officer of University of Texas System's Horizon Fund.

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

China-based e-commerce firm Alibaba is set to invest $798m in logistics platform Cainiao, taking its stake from 47% to 51%

Integra, set up by Yissum to invest in life science spinouts from Hebrew University of Jerusalem, has secured an initial tranche led by Temasek.

Evotec has injected $17.7m into Exscientia, becoming the first strategic shareholder in the drug discovery spinout based on research at University of Dundee.

The spinout has turned to Stanford-Start X Fund as it prepares to add data sciences, engineering and clinical features to its machine-learning based service for health insurers.

Microsoft and Salesforce have participated in a series C round for Onfido, an identity verification service also backed by University of Oxford.

Universities in Newcastle and Durham have established an accelerator to generate more spinouts in the northeast of England region.