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Breakout Labs

Breakout Labs

Breakout Labs is a grant making body of the Thiel Foundation supporting the commercialization of scientific products and services located in San Francisco, California.

Breakout Labs is part of the Thiel Foundation and was founded by Peter Thiel and Lindy Morris Fishburne in 2011. Breakout Labs issues grants, mostly between $250,000 to $500,000, to American or Canadian scientist entrepreneurs working on the development and commercialization of scientific discoveries in technology, biology, materials, and energy.

Grants are issued on a rolling basis to to Delaware C corps by Breakout Labs to selected companies after they complete their application process. Grants are philanthropic in nature, and are typically given to companies that would normally not have funding opportunities through the private sector because their scientific products and services are too speculative. Companies receiving grants from Breakout Labs are to issue Breakout Labs equity securities at a 20% discounted rate worth the value of the grant if a later funding round is complete. Every company with a Breakout Labs grant must report quarterly to Breakout Labs with details on how they are using grant money for their scientific and business progress.

Timeline

People

Name
Role
Related Golden topics

Geoff O'Donoghue

Senior Associate

Hemai Parthasarathy

Scientific Director

Julia Moore

Portfolio Director

Co-founder, Executive Director

Nick Cederlind

Administrative Assistant

Co-founder

Renee Shenton

Community Manager

Further reading

Title
Author
Link
Type

Documentaries, videos and podcasts

Title
Date
Link

Breakout Labs

May 20, 2014

Breakout Labs Aims to Take Science from the Lab to Supercharge the Economy

October 3, 2014

How entrepreneurship can amplify scientific impact

February 16, 2016

Companies

Company
CEO
Location
Products/Services

References