Venture Labs is an interdisciplinary initiative at the University of Texas at Austin that supports entrepreneurship, innovation, and company formation. It provides hands-on experience for students and a research environment for faculty. Venture Labs helps move new ventures forward through education, mentoring, business validation, networking, and resources. Building on previous entrepreneurial successes at UT Austin, Venture Labs aims to accelerate company formation and selectively take on projects, providing initial labor and support and expanding over time. It is run by students across campus who gain experience while building companies.