MIT helps SendFriend to $1.7m
Founded out of Massachusetts Institute of Technology, SendFriend has built a blockchain-powered online payment transfer platform that uses technology provided by fintech developer Ripple.
6Estates tends to series B round
6Estates had previously raised $2m of funding for its market intelligence products based on research from NUS and Tsinghua University.
Ten businesses board Manchester-backed accelerator in Dubai
UAEpreneurs will operate with support from University of Manchester’s Middle East Centre in Dubai, providing 10 mainly digital-focused startups the opportunity to raise $50,000 to $250,000 in capital.
Haihe Biopharma greets CAS to raise cash
Chinese Academy of Sciences invested in a round that will be used to take Haihe's anti-tumour therapies further down the clinical path.
Bosch backs IISc-incubated Simyog Technologies
Incubated at Indian Institute of Science, Simyog has been backed by Robert Bosch for software that helps automotive parts manufacturers test for electromagnetic interference.
CIIE breathes funding into Oizom
IIM Ahmedabad's incubator supplied seed funding to help environmental monitoring startup Oizom Instruments pursue marketing, product enhancements and R&D.
5C Network radiates seed funding
Indian Institute of Management, Ahmedabad joined Unitus Ventures and Axilor Ventures to supply seed capital to radiology directory 5C Network, which helps hospitals access radiology expertise.
Yissum unveils international partnerships
Hebrew University Jerusalem’s Yissum is tuning up an extension of its overseas commercialisation activities in the US, South America and China.

Other News

NYU and Futurx spark Glixogen’s genesis
New York University has teamed up with corporate-backed biopharmaceutical incubator Futurx to spawn neurodegenerative disease drug developer Glixogen Therapeutics.
Samsung trains its focus on Corephotonics
Samsung is reportedly eyeing Tel Aviv University-founded smartphone camera technology developer Corephotonics for $150m to $160m after backing its series B and C rounds.
Byton bids to raise $500m
Half a year after raising $500m in a TUS Holdings-backed series B round, the electric car developer is seeking another $500m before it floats.
Light Theto senses Tsinghua for series B round
THC Ventures has led a $14.5m round that will fund Light Theto's R&D activities.
Shimane ships in $1.9m for nanotech
The funding for Shimane's Nanotechnology Project Center came from San-in Godo Bank through an industry-academia cooperation program.
BGU plants $1m in Cactus Capital
Ben-Gurion University of the Negev has announced a university venture fund called Cactus Capital to run in conjunction with a VC investment course for its students.

Editor's Picks

How science can bring about a eureka moment for Indian…
The Indian innovation ecosystem is slowly catching up with that of the US, but more needs to be done, argue Tarun Khanna and K Vijay Raghavan.
Big deal: Stanford leads global innovation pack
Reuters has ranked the top 100 universities across the world, putting Stanford University at the top and naming KU Leuven as the most innovative institution in Europe.
China's $6.5bn fund just tip of the iceberg
Following the news of China's startup-focused $6.5bn fund launch, Global Government Venturing editor James Mawson looks back at the country's efforts to bolster venture capital.
test reg