Industrial

As the founder of one of the firms that has just been backed said: "My theory is that any company able to hold out to 2014 will be a winner."

The Japanese corporate is joined by Battery Ventures, US Venture Partners and Index Ventures backing Redwood Systems, a US-based lighting company.

GlaxoSmithKline's corporate venturing unit backs the US-based women's reproductive health company, joining Merck Serono Ventures, Kleiner Perkins Caufield and Byers and TPG Biotech in the syndicate.

The BP, Dow Chemical and Dominion Power-backed US-based developer of energy storage systems raises another $10m.

The Malaysia-based university opens an innovation centre.

The new world order aspect comes from how corporate connections are powered.

Japan-based conglomerate Marubeni Corp buys the agricultural and energy resources compan backed by industrial conglomerate Orascom Construction Industries.

The incubator is expected to attract up to 30 battery companies in California who can tap researchers and use equipment at Berkeley Lab and other research institutions.

The incubator is expected to attract up to 30 battery companies in California who can tap researchers and use equipment at Berkeley Lab and other research institutions.

The inter-university venturing QBIC Fund is the successor of the Baekeland II-Fund of UGent and the BI3-fund of VUB.

The challenge of managing a diverse set of strategic LPs is an area of increasing importance to many venture capital firms.