University of North Carolina at Chapel Hill has launched its own university venture capital fund to bolster research commercialisation at the institution.

The $5m Carolina Research Venture Fund will be looking to fill the void of seed funding for the institution’s spin-outs. The fund, which isn’t using any state money to back the fund, will aim to be an evergreen fund with all profits reinvested back into the fund.

The fund will be looking to make investments between $100,000 to…