Ben Soffer will stand down as managing director of Technion Technology Transfer after 13 years in charge.
HUJ’s tech transfer arm still hopes to raise a further $3m for the fund to close it at $9m and has already invested in three technologies.
The nine-figure renminbi sum follows a series A round of undisclosed size two years ago that was backed by THG Ventures.
Universities in Japan will be given the right to take long-term equity in spinouts as the government looks to improve availability of funding for homegrown research.
UCLA co-led the online meat and fish merchant's series C round, which included Bertelsmann, Sistema Asia and Vertex Ventures.
The venture fund of Tel Aviv University has added 3D printing technology developer Castor and geolocation platform provider Hoopo to its portfolio.
The NUS Graduate Research Innovation Program will invest a total of $18m over the next five years to support the creation of 250 spinouts.
Antibiotics developer Bugworks Research has been backed by Utec in its bid to commercialise a treatment for hospital superbugs.