The fund will invest in companies linked to École Polytechnique, including spinouts, alumni-founded startups or businesses incubated by the school.

The non-profit was founded last year to work with universities and research labs commercialising technologies around social impact.

Staff, students and alumni at London School of Economics are set to benefit from Houghton Street Ventures, which will back seed and series A rounds.

The venture firm’s second fund has secured a $20m commitment from the International Finance Corporation, bringing the vehicle to $250m.

Impact 12 will deploy equity and debt to finance the development of university social ventures able to deliver a beneficial social or environmental impact.

Flagship Pioneering has re-opened its Fund VII to raise an additional $2.23bn that brought the vehicle’s total capital to $3.37bn.

The Industrial Biotechnology Innovation Centre will invest in research projects at Scottish universities to support the creation of more spinouts.

UCL Technology Fund has participated in a $145m round that will allow Apollo Therapeutics to advance assets into the clinic and open a US office.

Deeptech Labs, an incubator backed by Cambridge Innovation Capital, has announced its inaugural cohort of five startups that have each received $485,000.

Ohio State University has again thrown its weight behind Rev1 Ventures, whose latest fund also attracted University of Dayton and multiple corporates.