Red Cedar Ventures, launched by MSU Foundation, is set to provide both gap and growth capital to businesses affiliated with Michigan State University.

Biotechnology developer Magenta Therapeutics, which exploits Harvard research, has launched with series A funding provided by investors including Alphabet.

The Research Institute of Tsinghua University in supported the virtual reality technology startup's series A round, which also included corporates.

Washington University in St Louis has unveiled a $2m seed fund aimed at companies with a link to the institution.

A total of 39 early-stage companies have joined the New York program which creates tax-free zones for businesses that collaborate with a university and create local jobs.

Pennsylvania University has opened its new hub that will support scientists and students to develop their research and ideas and collaborate with the private sector.

Stanford's StartX Fund has contributed to a series B round for UBiome, which will use the money to drive recruitment and conduct tests at its clinical lab.

Stanford has exited open source software-focused cybersecurity company Palamida, which had raised $18.5m in funding, in an acquisition by Flexera Software.

Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.