In an announcement made at Stanford University last week, Peter Thiel, PayPal founder-turned "creative" philanthropist, described his latest project, called Breakout Labs. According to Fast Company, Breakout Labs "would grant $50,000 to $350,000 in funding to 'entrepreneurial' scientists -- those completely independent of typical research institutions -- for very early projects that may even be pre-proof of concept." Sounds like just the sort of challenge for which science fair alums are uniquely prepared!
See Thiel's announcement here:
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