University of Rochester-affiliated VC fund Excell Partners has been selected to manage a state government-funded vehicle targeting local companies in sectors such as optics and life sciences.
State-wide innovation hubs under the banner of Michigan Translational Research and Commercialization will receive money from the Michigan Strategic Fund.
Oxford University Innovation expects to form 10 spinouts each year from an initiative for impact-led businesses.
The MIT-affiliated Engine Fund has achieved a final close of more than $205m, above its initial target of $150m.
University of Melbourne and Lockheed Martin have contributed to an additional $94.8m tranche for the Csiro Innovation Fund, bringing its total to $167m.
The research institute has achieved a $135m close for its Imec.xpand fund, breaking through its target of $116m just over a year after launching fundraising efforts.