Clean Technology

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.
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.
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.
Poli360 to take on spinouts with $70m
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.

Other News

VTT winds down Spinnova stake
VTT Ventures has exited textile fibre developer Spinnova, spun out from the research centre in 2014.
Bharat Innovation Fund ushers in first close
The fund, affiliated with IIM Ahmedabad, has raised approximately $50m for its first close two years after first being announced.
Pure Battery charges towards markets
University of Queensland has taken the wraps off Pure Battery Technologies, which will commercialise technology to extract nickel and cobalt from low grade ores.
Akasol plugs into public markets
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.

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: RCIF and TUS anchor $100m fund
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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