The news roundup for the fortnight ending 1 January 2016.

Vanderbilt University says “ta” for Tata partnership

Tata joins forces with Vanderbilt University Medical Center to increase innovation in healthcare and life sciences.

Sophia diagnoses success in $15m series C

Swisscom-backed medicine analytics platform Sophia Genetics has secured new funding, taking its overall equity capital to more than $31m.

UC launches $250m fund

University of California backs the research of students and staff by creating a $250m fund headed up by Silicon Valley entrepreneur Vivek Ranadivé.

Applied Graphene Materials manufactures $12m round

Durham spinout Applied Graphene Materials raises $12m to scale up its manufacturing capacity.

Liftupp monitors $635,000 investment

Students on dental, veterinary and physiotherapy courses gain an academic lift with personalised development plans thanks to Liverpool University spinout Liftupp.

Wisconsin-Madison sees purple

The university supports its entrepreneurial staff and students by repurposing the “purple building” as a startup hub called @1403.

Mercia expands partnership program

Liverpool University, Liverpool John Moores University and York University have partnered with Mercia Technologies to give their spinouts access to potential investment.

Xeltis feels $32.5m series B heartbeat

Zurich spinout Xeltis raises an additional $3.25m to continue development of its dissolvable implants.

Lily leaps along with funding

The Stanford-StartX Fund backs flying camera maker Lily in its $14m series A round.