Texas Venture Labs (TVL) Startup Fellows gain experience in a variety of industries and roles while simultaneously building their expertise and networks. They work on projects that reinforce classroom learning, allowing them to bridge the gap between their career aspirations and their current skill set. TVL offers the following five tracks: TVL Venture Capital Fellow, TVL Social Impact Fellow, TVL Commercialization Fellow, TVL Founder in Residence Fellow, and TVL Ecosystem Fellow.

The Undergraduate Research Fellowship provides up to $1,000 in support for specific scholarly research projects conducted by full-time UT undergraduate students enrolled in any department. These fellowships are intended to cover costs associated with academic research projects proposed and written by student applicants and undertaken with the supervision of a university tenured or tenure-track faculty member, lecturer, senior lecturer, or full-time research scientist/engineer.

UT Austin students interning at a startup or working in an entrepreneurial venture may be eligible to enroll in EXP 000 (undergrad) or EXP 080 (grad), the university's zero-credit internship and experiential learning course. This is a tuition-free course with self-paced experiential activities that help students reflect and build upon their experience. As a benefit, this course maintains enrollment for students who do not plan to enroll in other courses while participating in the experience.