The university is the latest academic institution in the Asian country to launch an investment fund to support spinouts.

The UK university has set up physical presence in San Francisco to be closer to US investors and companies it seeks to partner with.

Pearse Coyle worked with Innovate UK to upgrade their pre-accelerator programme ICURe and teach would-be founders to raise cash early.

The students have faced a three-year journey to raise money for the planned $1m venture fund.

The universities of Durham, Newcastle, Northumbria, Sunderland and Teesside are the latest group of academic institutions in the UK to launch a fund to invest in their spinouts.

Japan's sophisticated network of university investment funds make it an outlier among other Asian countries.

SETsquared's investment vehicle will fund companies that are spun out of the universities of Bath, Bristol, Cardiff, Exeter, Southampton and Surrey.

The US university has created a new office to coordinate its efforts to expand the startup ecosystem in its base of New Jersey and the broader region.