Peter Thiel Announces Breakout Labs to Energize Innovation

Calling for more rapid innovation in science and technology, Peter Thiel today launched a new program of the Thiel Foundation, Breakout Labs. Thiel announced that Breakout Labs will use a revolving fund to improve the way early-stage science and technology research is funded by helping independent scientists and early-stage companies develop their most radical ideas.
"Some of the world’s most important technologies were created by independent minds working long nights in garage labs," said Thiel. "But when their ideas are too new, unproven, or unpopular, these visionaries can find it difficult to obtain support. Through Breakout Labs, we’re going to create opportunities for revolutionary science by cultivating an entrepreneurial research model that prizes extreme creativity and bold thinking."
"At Breakout Labs, we’re looking for ideas that are too ahead of their time for traditional funding sources, but represent the first step toward something that, if successful, would be groundbreaking."