Clean Technology

UCL eyes $126m second fund
University College London hopes to generate as much as $126m for its second Technology Fund, with British Business Bank thought to be among potential limited partners.
Uniseed plants $485,000 in Wildlife Drones
ANU wildlife monitoring spinout Wildlife Drones previously turned to a Csiro-run accelerator to help get its drone-powered animal tracking system off the ground.
Forge procures $4m from Lockheed Martin
Alberta-founded renewable fuel producer Forge Hydrocarbons hopes its lipids-based fuels will provide a cleaner alternative to petrol.
CAS joins Guangzhou Finance for $144m fund
Research from Chinese Academy of Sciences will benefit from a vehicle backed by the government of Guangzhou in areas including intelligent manufacturing and energy efficiency.
Pure Battery stores $1.3m
Queensland spinout Pure Battery Technologies will use the cash to design and build production plants for its acid-leaching-based battery material manufacturing process.
Canada puts $25m into Toronto’s Creative Destruction
Canada’s Strategic Innovation Fund will provide $19.2m for accelerator Creative Destruction Lab over four years with the aim of supporting more than 1,300 science-focused companies.
Waterloo slams Salient Energy with lawsuit
University of Waterloo is suing its grid battery manufacturing spinout Salient Energy, which it claims must sign back IP rights due to a misapplication of its tech transfer policy.
Aceleron recharges with $195,000
Advanced battery developer Aceleron, which operates from Birmingham and Brunel universities, has been backed by the Midlands Engine Investment Fund.

Other News

Epishine powers up $1.3m
Linköping solar cell manufacturing spinout Epishine has received money from backers including LiU Holding arm after previously securing backing from Chalmers Ventures.
Swedish Algae Factory processes funding
Chalmers-backed Swedish Algae Factory hopes to commercialise silicon materials made from a subtype of algae with qualities favourable to trapping light and blocking UV rays.
OUI targets social enterprises
Oxford University Innovation expects to form 10 spinouts each year from an initiative for impact-led businesses.
AutoGrid charges $32m series D
AutoGrid, the distributed energy management platform backed by Stanford, will use the capital from the Eon, CLP, Innogy, Total, Ørsted and Tenaska-backed round to boost hiring.
Cambridge scientists devote capital to $129m fund
Eight researchers from Cambridge have raised a $129m patient capital fund that has attracted limited partners including Aviva.

Editor's Picks

Big deal: QuantumScape fuels up on VW cash
VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.
Big deal: MIT revs $150m Engine
Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.
Tel Aviv partners with Tata
Tel Aviv University announces $20m commercialisation fund with Tata Industries.
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