Sydney University has put $1m into a student-founded accelerator as Phoenix University opened its innovation hub RedFlint and Harvard University's Jeff Bussgang unveiled a $2.5m fund.

The VU Hangar is open to anyone in the local ecosystem, including startups, small businesses and entrepeneurs as well as university staff, researchers and students.

King Abdullah University of Science & Technology has partnered Saudi British Bank to launch an acclelerator program dubbed Taqadam.

Novartis has co-led a $17m series A round for Inflazome, which is working on treatments for a range of chronic inflammatory diseases.

Viclink has introduced a scheme, supported by 26 international institutions, that gives businesses and non-governmental organisations access to free licences for university research.

Auckland has launched an initiative aimed at bringing renowned researchers to the country, with the government providing $25m in funding.

Auckland spinout StretchSense receives series A funding from Start Today, adding to an earlier investment from investors including the New Zealand Venture Investment Fund.

The two Australia universities come together to create a biomedical research enterprise called M2 Venture Catalyst with the backing of the state of Victoria.

Chile brings together 26 universities and 12 science laboratories with a fund to centralise technology transfer with three hubs in the country.