DURHAM — Duke and UNC Chapel Hill is lagging behind top tier of universities when it comes to producing entrepreneurs that go on to garner venture funding, according to a new study from Pitchbook.

Duke and UNC Chapel Hill ranked No. 20 and No. 39 respectively, while NC State didn’t even make the list.

Stanford University topped the list, followed by University of California, Berkeley (3), Massachusetts Institute of Technology (4) and Harvard University.

For full list, go here.

Duke nabbed the No. 20 spot with 484 founders and $11 billion capital raised. Among its offerings: the Program for Entrepreneurs (P4E), a program at Duke University’s Fuqua School of Business that helps students start new ventures, supported by experiential entrepreneurship education.

UNC Chapel Hill, meanwhile, accounted for 320 founders and $4.6 billion capital raised. It says it fosters innovation through the Entrepreneurship Center, under the UNC Kenan-Flagler Business School.

Pitchbook tracked founders of companies that received a first round of venture funding between Jan. 1, 2006, and Aug. 31, 2020.

All rankings are based on data solely within that timeframe.