Breakout Labs is a grant-making body operating as part of the Thiel Foundation, a philanthropic organization created by which American entrepreneur, venture capitalist, philanthropist, political activist, and author?
Breakout Labs Breakout Labs is a grant-making body operating as part of the Thiel Foundation (a philanthropic organization created by Peter Thiel). Breakout Labs gives grants for early-stage scientific research that is too speculative or long-term to interest the for-profit sector (such as angel investors and venture capitalists) but may be unsuitable for traditional sources of funding for scientific research due to its radical or offbeat nature. Grants are made through a competitive application and selection process.
Thiel Fellowship The Thiel Fellowship (originally named 20 under 20) is a fellowship created by Peter Thiel through the Thiel Foundation. The fellowship is intended for students under the age of 23 and offers them a total of $100,000 over two years, as well as guidance and other resources, to drop out of school and pursue other work, which could involve scientific research, creating a startup, or working on a social movement. Selection for the fellowship is through a competitive annual process, with about 20–25 fellows selected annually. It has a selection rate below 1%.