Carolina Research Ventures Fund

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About Us

We invest in ventures that commercialize or develop technology and inventions of UNC faculty, trainees and staff.

Our Vision

To ensure that startups and other University-sourced companies have the opportunity to fully develop and deploy technology generated here, UNC-Chapel Hill launched Carolina Research Ventures (CRV). CRV has created an early stage investment fund (the Fund or CRVF) to provide critical discovery and development capital. The goal of the CRVF is to unlock the potential of UNC-Chapel Hill technologies and advance the commercialization of these technologies by providing early-stage capital and industry expertise.

Who We Are

CRV is overseen by a Board of Directors composed of entrepreneurs, researchers, scientists, and investment professionals. By charter the Board must include two appointees from the UNC-Chapel Hill Board of Trustees, two appointees from the UNC Healthcare System, the University Vice Chancellor for Finance, the CEO of the UNC Management Company or their designee, and three at-large positions elected by the other Board members. In addition, the Vice Chancellor for Commercialization and Economic Development is a Board observer.

The Fund is managed as a joint venture with Hatteras Venture Partners. A team from Hatteras, including Clay Thorp, Christy Shaffer, PhD, and Michael Dial, PhD, will oversee the operations of the Fund and its investment portfolio. Michael Dial is the lead Hatteras member for the Fund. Additional information about the Hatteras team can be found at

You may find the application for the Carolina Research Ventures Fund here

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