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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.

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January 1, 2012
Rahul Goyal
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Pareto Biotechnologies
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Edits on 15 Nov, 2018
Melanie Manipula"Approved suggestion from source: https://www.breakoutlabs.org/"
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Melanie Manipula"Approved suggestion from source: https://www.breakoutlabs.org/"
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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.

Edits on 20 Aug, 2018
Carla Faraguna
Carla Faraguna edited on 20 Aug, 2018
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Article

Grants are issued on a rolling basis to to Delaware C corps by Breakout Labs to selected companies after they complete an application 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.

Edits on 20 Aug, 2018
Dawson Sewell
Dawson Sewell edited on 20 Aug, 2018
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Breakout Labs

Part of the thiel foundation

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

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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.

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Grants are issued on a rolling basis to to Delaware C corps by Breakout Labs to selected companies after they complete an application 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.

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Name
Role
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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

Table

Title
Date
Link

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

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Golden AI"Initial topic creation"
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 Breakout Labs

Part of the thiel foundation

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