The new hire will replace Diarmuid O'Brien, who has headed Cambridge Enterprise for three years.

The university will cooperate with the VC firm on startup investment, research and human resources development.

VC capital often sways towards investing in technologies with an urban focus. But Silicon Valley investors are starting to home in on rural technology solutions right in their backyard.

EMV Capital will manage a portfolio of 53 deep tech and life sciences companies as part of the acquisition.

The Redbird Innovation Fund will fund spinouts emerging from the Hong Kong university.

The deep tech venture firm has surpassed its original goal by $50m and more than doubled its assets under management to $455m.

Venture firm 46VC’s Dickson & Main Fund I will invest in companies associated with the university or the local Arkansas ecosystem.

University of Tokyo’s third investment fund reached a first close with capital from Tokyu Land and the Tokyo Metropolitan Government.