Applied Research Laboratories is a University Affiliated Research Center operating under a Department of Defense management plan with oversight by the Naval Sea Systems Command. Applied Research Laboratories makes significant contributions in support of national security through fundamental research, innovative science, and applied engineering.

Venture Fellows is a year-long program for a selected group of MBA students. Applicants must be enrolled in the McCombs MBA program. For one spring and one fall semester, students work for a venture capital firm, private equity firm, or local incubator or accelerator in conjunction with a weekly class.