The fund is part of a broader plan to create an innovation and startup cluster in the Italian city of Milan.

Ian McClure is expanding his role from associate vice president for research, innovation and economic impact at the University of Kentucky to include vice president of innovation for UK Healthcare, the institution's health system.

The former startup founder and Silicon Valley investor will head the University of Cambridge’s commercialisation arm.

The number of deals in UK spinouts at the earliest stage of equity investing has been falling over the past few years, highlighting a potential bottleneck in early-stage funding.

The University of Utah Ventures has been launched in partnership with Epic Ventures and will focus on early-stage companies in sectors including software and life sciences.

Per Stromhaug is the new senior associate vice-president for economic development at the University at Buffalo, joining from Binghamton University.

Australia has one of the world's most mature university investment ecosystems, thanks to large pensions funds, Uniseed and royalties from wifi.

The state-backed Luxembourg Future Fund has put $5.4m into VIVES Inter-University Fund, bringing the multi-university venture fund’s new total to $80.5m.