Alumni-founded payment fraud detection developer Ripple Shot has been backed by an Indiana University fund as it prepares to release its inaugural product.

A total of 22 participants have each received $100,000 in funding as part of the UC Berkeley accelerator.

Iowa State's Startup Factory Network will train ten startups over 52 weeks at ISU Research Park, while another eight businesses will participate remotely from northern Iowa.

Life insurance platform Ethos has emerged from stealth with backing from investors including Stanford University as it looks to drive business growth and product development.

Ripple will pour $50m into R&D at 17 academic institutions, including institutions in the US, UK, India and Brazil.

Epic Conjoint, This is Seaweed and Travacoin have spun into NovaUCD, the innovation hub at University College Dublin, with a view of raising $8.7m within two years.

Bharat Inclusion Initiative has already raised $12.5m to back projects in sectors such as financial inclusion, livelihood, education and health.