The E. Craig Nemec Elevator Challenge Award is a $1,000 prize given to the presenters of the top three elevator pitches at the Texas Venture Labs Investment Competition. The award is named after Edward Craig Nemec, who began his entrepreneurial pursuits while completing his business degree at UT. Over the next 25 years, he grew it into the commercial real estate firm Pearson Group Capital Management, owners and operators of office and industrial properties.

The Harkey Institute for Entrepreneurial Studies Living Learning Community(HIES LLC) is a first of its kind community that will admit incoming students directly into the Entrepreneurship Minor. This entrepreneurial living learning community provides students with access to entrepreneurship classes, campus housing, and the McCombs business community, a credential program that is usually reserved for admitted upperclassmen students.

The James D. Pippin Veteran Entrepreneurship Award is a $1,000 prize awarded to one of the top teams in the Texas Venture Labs Investment Competition with one or more U.S. military veteran cofounders. The award is named after James D. Pippin, a Retired Command Sergeant Major in the U.S. Army who served with RideScout co-founder and CEO Joseph Kopser. Sergeant Major Pippin is the only active duty serviceman to have conducted three airborne combat jumps.