The news roundup for the week ending 29 January 2016.
Wellspring flows towards series B
Carnegie Mellon spinout Wellspring raises $6m to support its emerging technology platform that has been showcased at Global Corporate Venturing’s 2016 summit.
Cocoon Networks, working with UCL, sets up London’s largest incubator to support Chinese investment in UK technology companies and launches a $720m fund.
Northwestern University backs Solovis, a portfolio management software developer, following its becoming a customer of Solovis for its endowment last year.
Apple is passionate about Emotient
Apple continues its run of artificial intelligence acquisitions by purchasing Emotient, a spinout from University of California, San Diego, for an undisclosed amount.
Stellenbosch tracks Custos for funding
Stellenbosch University’s tech transfer office Innovus invests in Custos Media Technologies to bring its bitcoin bounty anti-piracy technology to more customers.
Bristol University’s Enterprise Fund will support spinouts and provide tax relief for investors.
StartX indulges in Boom Fantasy
Fantasy sports leagues meet gambling in Boom Fantasy’s $1.4m in seed funding, backed by Stanford StartX.
Inivata passes Johnson & Johnson test for $45m
Johnson and Johnson reinvested in Inivata, which will use the series A funding to advance its cancer diagnostics platform through clinical studies.
Imperial College London, UCL and Cambridge University have joined forces with three pharmaceutical firms to form the Apollo Therapeutics Fund.
L2B welcomes spinouts to first cohort
The city of Albuquerque supports L2B, an accelerator supporting spinouts by national laboratories and state research universities.
Instart Logic calls up Telstra
Mark Sherman, managing director of Telstra Ventures, said: “We are looking forward to working with Instart Logic to apply their technology in our business.”
