A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.
UNM ends year with 12 new spinouts
University of New Mexico has revealed it generated 12 new businesses during its financial year that ended June 30.
The spinout of Heriot-Watt University has secured $1.3m in its latest funding round, which featured a mix of existing and new investors.
Yissum-backed JII receives $25m
The Jerusalem Innovation Incubator is set to obtain $25m from Reliance Industries, which helped launch the project last month alongside Yissum and others.
IP Group boosts Touchstone offer
IP Group has upped its bid for Touchstone to $640m and gained the approval of Imperial College London, making a takeover more likely.
Nelsa selects $650,000 recipients
Lightox, Horizon: Therapeutic Microbubbles and StrataStem are among the companies that have received funding from the North of England Life Sciences Accelerator.
Sensome detects $5.4m seed round
Spun out of École Polytechnique, Sensome has received funding from investors including the Paris-Saclay Seed Fund.
Bright.md prescribes $8m series B
Bright.md, the provider of a virtual healthcare service backed by StartX, has raised $8m in its latest funding round.
Fanomena celebrates funding event
Scheer Holding has acquired a minority stake in Fanomena, which develops specialised software for the event organisers.
Osage University has contributed to a $9.2m series A round for Corelight, a cybersecurity company co-founded by UC Berkeley professor Vern Paxson.
Bitflux, a spinout of Technical University of Munich, has acquired for research at the institution relating to electric motors.
Ellis seeks new ventures at OSU
Zachary Ellis has joined Ohio State University as director of new ventures, leaving behind his position at Pepsi where he was responsible for driving corporate venturing activities.
IP Group has participated in a $1.7m funding round for Eight19, a solar panel technology spinout of the Cambridge-backed Advanced Photovoltaic Research Accelerator.
Deakin helps cybersecurity startups rise
Deakin University has joined forces with Dimension Data to establish a cybersecurity accelerator in Melbourne.
Safran experiments with CaiLabs investment
Safran Corporate Ventures joined the fibre optic technology developer’s existing investors for a $5.7m round that will support international sales.
NYU processes Vidcode investment
NYU Ventures has contributed to a $1.5m seed round for Vidcode, co-founded by an alumna from the university.
Datatron computes $2.7m seed round
Datatron, which has developed a platform that allows companies to gain insight into complex historical and real-time datasets, has raised money from investors such as StartX.
Universities open M-1 Ventures
The accelerator will focus on health and fitness technologies and is being support by Johns Hopkins University, University Maryland and others.
Genoa picks up Medication Management Systems
Medication Management Systems, a University of Minnesota spinout, has been acquired for an undisclosed sum.
WaveOptics displays $15.7m investment
Touchstone Innovations has contributed $4m to the round, which also included fellow existing shareholders Robert Bosch Venture Capital and Octopus Investments.
Priscila Bala, formerly a director at Yale Entrepreneurial Institute, has joined Octopus Ventures.
Ontario provides spinout funding
Two spinouts have secured funding from the Fight Against Cancer Innovation Trust’s Prospects Oncology Fund.
Big deal: Purdue inks $52m deal with Eli Lilly
The research collaboration agreement is the largest ever such deal signed by Purdue University.
