Martelet will stand down as chief executive, allowing CFO Ian Postlethwaite to marry the two roles as NetScientific looks to continue cutting costs.

Victor Christou has stepped down from his position as chief executive of Cambridge Innovation Capital just weeks after helping the unit raise $196m in additional funding.

Scott Morley has been appointed as director of the Coulter@Pitt medtech accelerator, in addition to his duties as entrepreneur-in-residence at the university's Innovation Institute.

Jonas Bergman, Rocio Morales and Nina Röding have joined Chalmers Ventures, the investment and incubator arm of Chalmers University of Technology.

Lindsay Pearson, Adam Stoten and Liam Dolen have been appointed to Oxford University Innovation's board following the departures of Nicola Blackwood and Giles Kerr.

Bonsal will return to venture capital, ending a six-year spell as director of venture creation at Towson through which he was credited with the realignment of its incubator.

Patrick Reeve, managing partner at Albion Capital, which manages UCL Technology Fund, has passed his position onto his deputy to become the firm’s first chairman.

Jean-Luc Moullet has joined the French National Center for Scientific Research, also known as CNRS, as its chief technology officer.

The office has appointed three directors and two advisers including Russell Cowburn, professor of experimental physics, and Cancer Research UK's Tony Hickson.

Robert Bahns has stepped down as technology partner at IP Group to become chief financial officer at one of the firm’s portfolio businesses, WaveOptics.