Peter Thiel, an early investor in Facebook, has launched the Thiel Fellowship to foster the next generation of tech visionaries. The new program will support 20 teenage entrepreneurs under 20 years old with grants of up to $100,000. The cash grants will be used to further their innovative scientific and technical ideas.In addition, over a two year period, Thiel's network of tech entrepreneurs and philanthropists—drawn from PayPal, Facebook, Palantir Technologies, Founders Fund, the Singularity Institute, and others—will teach the recipients about creating disruptive technologies and offer mentorship, employment opportunities, support, and training.
Though applicants may already have scientific, technical, or nonprofit ideas, the Thiel Fellowship will not be limited to those with developed innovations. Teams of up to four may also apply. Applications will be available in October and due later in the fall, with the fellowship beginning in 2011.
For more details about the Thiel Foundation Small Business Grants, visit:
www.ThielFoundation.org
To learn about other small business grant opportunities, visit:
www.BusinessGrants.org
This is great news. This is the type of gifting that keeps on giving. Not to mention that our new generation can use all the help they can get.
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