US-based University of Texas will partly fund its medical research from a $2m fund set up from the profits made from the sale of its stake in a start-up.

US-based University of Texas will partly fund its medical research from a $2m fund set up from the profits made from the sale of its stake in a start-up.

Jason Abair, associate vice president of technology transfer for the University of Texas Medical Branch, said the university planned to provide its own seed money for campus research this year and help faculty members find commercial markets for technologies they develop, according to news provider Galveston County Daily News.