Industrial

Advanced Underwater Surveys, a St Andrews and Dundee universities spin-out, sells 50% interest to DeepOcean UK to form ADUS DeepOcean.

SFS will now be able to make both US dollar offshore and RMB onshore corporate venturing deals having first set up an office in China's capital, Beijing, in 2006.

Tel Aviv University announces $20m commercialisation fund with Tata Industries.

As corporations become increasingly open to external innovation and many of their own executives become angel investors themselves, there is a great opportunity to help the nascent start-ups.

Pork integrator Arohan Foods has raised an undisclosed amount, reported to be about R4 crore in series A funding from venture capital firm Omnivore Partners.

Omni Water Solutions, a portfolio firm of the Austin Technology Incubator (ATI), raises a $4m venture round led by Austin Ventures.

Alongside Chevron Technology Ventures and ConocoPhillips in the B round was Sunshine Tech, an investment company on behalf of Omar Zawawi, chairman of the Oman-based Omar Zawawi Establishment (Omzest) Group.

The Brazilian market represents over 65% of the worldwide demand for unbonded flexible pipe used in offshore production.

Lanxess invested $10m at $28.49 per share as part of BioAmber's $30m series C round.