Global University Venturing

Massachusetts Institute of Technology launches a $5bn fundraising effort to accelerate long-term research and attract more VCs to its spinouts.

Solar wafer producer 1366 Technologies has received $10m from Hanwha Investment Corporation to support construction of its first commercial factory.

CeCe Cheng, who previously ran the Dorm Room Fund, takes on the role of director of strategic partnerships for African technology talent platform Andela.

Student-led investment fund Social Venture Fund invests in a second seed round for medical software-as-a-service firm Conversa Health.

The startup accelerator has partnered with a host of US universities to source opportunities as it launches with $11.5m in initial funding.

Nexeon, the Imperial College London spinout that develops rechargeable lithium ion batteries, has now secured in excess of $120m.

Carmaker Ford's $182m contribution to the $253m series C round closed by software development company Pivotal last week may augur a new interest in connected car technology startups.

Adidas and Qualcomm's corporate venturing units both contributed to a series C round that will fund sales and marketing for 360fly's immersive 360-degree video cameras.

The news roundup for the week ending 6 May 2016.