Catch up with last week's news with our regular roundup.
MediaCore raises $4.5m for video learning
Video learning platform MediaCore lands $4.5m to expand into further universities.
Northern Ireland based ICT spin-out Kainos to create 403 jobs in the region.
University College London and Imperial College London spin-out Bio Nano Consulting launches £10 medical device to monitor kidney disease.
UAE innovating government agencies
Sixty chief executive of innovation positions are to be created and placed in each government agency in the United Arab Emirates to help make 2015 the country’s “year of innovation”.
Edinburgh Napier University spin-out Celtic Renewables produces biofuel from whisky waste products.
Monash University and spin-out Ameato Engineering create the world’s first 3D printed jet engine.
Engineering Capital founded with $32m backing from consortium including a university endowment.
Leipzig spin-out Webdata Solutions raises €4m ($4.5m) for retail intelligence service.
Eindhoven spin-out feels effects of series A
Technical University of Eindhoven spin-out Effect Photonics secures undisclosed sum in series A to bring system-on-chip technology to communications market.
Oxford’s tech transfer unit Isis Innovation closes its second fund, exceeding its target of £1.5m.
Dundee spin-out squares off deal
Laser manufacturer M-Squared secures £3.25m ($5m) in financial support from Barclays and Business Growth Fund.
Luxury event bus transport gets Connect-ed
Connecticut Innovations invests in Rally Bus’ $1.25m seed round to increase the size of the company and increase marketing.
Woodford board draws on Imperial
Neil Woodford’s forthcoming £200m ($309m) Patient Capital Trust names four non-executive directors, three of which have ties to Imperial Innovations.
Ipsen gets the option to acquire Canbex
Pharmaceutical firm Ipsen pays €6m ($6.8m) for option to acquire UCL spin-out Canbex Therapeutics.
Oxford woes turn to Andor jobs fears
Queen’s University Belfast spin-out Andor faces staff redundancies as parent company Oxford Instruments hits rocky waters.
Russia cuts 10% of university spending
The Russian Government has announced a 10% cut to university spending following economic woes.
Delhi cranks voltage on Electropreneur Park
Delhi University signs MoU with STPI and IESA to form an ‘electropreneur’ Park with $3.4m backing.
Stem cell therapy gets European thumbs up
Holostem secures Western world’s first ever clearance for stem cell therapies from the European Commission.
EC fills valley of death with €200m
European Commission announces €200m fund to boost companies close to market.
EIB backs Maynooth development
NUI Maynooth campus development to receive €76m backing from European Investment Bank.
