Peter Thiel Announces Breakout Labs to Energize Innovation

STANFORD, Calif.--(BUSINESS WIRE)--Calling for more rapid innovation in science and technology, Peter Thiel today launched a new program of the Thiel Foundation, Breakout Labs. Speaking at Stanford to an event organized by the Business Association of Stanford Entrepreneurial Students, 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.