This uncapped fund is the first time that Stanford University or Stanford Hospital has earmarked a fund specifically for the purpose of investing in early-stage companies founded by members of the Stanford community.

Announced earlier this week, the deal could be worth up to $500m for the Johns Hopkins University spin-out, but could ultimately bring in much higher returns for its new parent.

At the Tech Transfer Summit, hosted under Chatham House rules by the University of California San Francisco (UCSF), a second elephant was also present in the room, but less obviously discussed.

The inaugural Global University Venturing Summit was held last month at the London offices of law firm Baker Botts. See presentations from the event here.

As the Welsh Government attracts life science firm ReNeuron to Cardiff, can it kickstart the capital?

In light of Coursera's $43m series B last week, news editor Gregg Bayes-Brown examines why the online course platform is rushing to grab the global student market.