Unless you’re well-versed in the Internet startup scene, the name Peter Thiel might not be known to you, but his ventures are almost certainly familiar. He was a co-founder of PayPal, an online payment company, and an investor in Facebook, Zynga, Spotify, and Yelp. He’s also behind the Thiel 20 Under 20 Fellowship.
One of his most recent projects is Breakout Labs, a funding organization designed to help groundbreaking research by independent researchers or early stage companies and allow them to test their “most radical ideas.” The organization wants to bridge the gap between traditional venture capital funding (which typically requires quick-to-market ideas) and government funding (which favours incremental approaches). The grants are anywhere between $50,000 and $350,000 depending on the project.
To apply, check out the eligibility requirements and fill out the submission form. Your approach will have to be consistent with the Breakout Labs mission, of course, but if you’re doing something interesting, you might have a good chance. Good luck!