News roundup 9 October 2015
Posted on 09 October, 2015 by Thierry Heles, editor
The news roundup for week ending 9 October 2015.
Vertex Venture Management's India head quits to start his own firm that will incubate startups and invest in mid-to-growth stage companies.
Following its $1.2m investment round earlier this year, NowWeComply moves its offices to London's South Bank.
Chinese government-backed investment fund China Media Capital partners with Warner Bros to bring Chinese-language movies to a worldwide audience through the Flagship Entertainment Group.
Techventure 2015 has officially been opened by Vivian Balakrishnan, minister for the environment and water resources in Singapore, with the theme of “Start Here!”
KLM and Schiphol have backed a second Mainport Innovation Fund, alongside Delft University of Technology, Port of Amsterdam and NS Dutch Railways.
Reply has selected EnModus, Gymcraft and Inova Design for its incubator and committed a total of $3.6m in funding to the startups.
Financial companies in Africa, Asia and Latin America gain an additional path to funding as the International Finance Corporation invests up to $15m in Accion Frontier's Inclusion Fund.
Italy’s National Agency for the Attraction of Investments and Enterprise Development creates a fund to support technology startups and SMEs with $56m from the Economic Development Ministry.
Changes in legislation that came into effect this month have given control of the Maryland Venture Fund to Tedco.
The government of Singapore's investment company, Temasek Holdings, has committed $600m to Vertex Venture Holdings to help its global expansion plans.
Organisations in the country band together to support the country's creative industry amid an economic slowdown.
Enterprise Ireland helps children hear better by supporting the development of a device that implants ear grommets without the need for anaesthetic or surgery.
Cisco, GlobalFoundries and Credit Suisse have participated in Aquantia’s series H, boosting the ethernet technology developer’s total funding to about $200m.
The US Department of Health and Human Services provides additional funding to Orasure Technologies to allow it to gain regulatory clearance for its rapid Ebola antigen test.
BPIfrance helps re-industrialise a France-based paper site by investing in a €33m joint project through its SPI fund with Springwater Capital.
China Development Bank backs peer-to-peer finance platform Kaixindai Financing Services.
CDC Group invests in Pakistan, Bangladesh and Myanmar online shopping site Daraz to help it grow and to jointly create a code of conduct for its suppliers with regards to workers' rights.
Two Belgium government-backed organisations support Euroscreen as it continues trials for its drug candidate to treat various health problems for women.
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