Peter Thiel Is Paying These 20 Entrepreneurs Who Can't Even Drink Yet $100,000 To Drop Out Of College

noor sidiqui

Photo: YouTube Screenshot / CNBCtv

Every now and then, you’ll find a brilliant entrepreneur under the age of 20 that has, say, already created nuclear fusion.Billionaire venture capitalist Peter Thiel has found that person, and 19 more just like him. He is giving them $100,000 to drop out of college and become a “Thiel Fellow.”

That’s an offer that’s hard to ignore.

As a Thiel Fellow, these 20 young guns will have access to mentorship from the Thiel Foundation’s network for two years.

They’ll be able to work on building revolutionary products, and technology.

We assume that in exchange, Thiel has the right to invest in whatever company they build while Thiel Fellows. It’s a pretty clever way to do an incubator, when you get right down to it. Anyway, keep reading to meet the brainiacs who decided to become Thiel Fellows…

Clay Allsopp has a project that makes creating apps easier.

Age: 20

Allsopp has a startup called Apptory, which helps individuals create and distribute content for touch-screen devices.

It's done with an 'intuitive, easy-to-understand interface.'

Kettner Griswold wants to make building genetic constructs easier.

Age: 19

Griswold is working with fellow Thiel fellow Paul Sebexenon on a device that would allow individual labs and medical practices to create large genetic constructs in-house.

This would let labs conduct gene manipulation without having to outsource the process of getting a gene construct to some other firm.

Anand Gupta wants to make it easier to analyse biomedical images.

Age: 20

Gupta is developing software with fellow Thiel Fellow Tony Ho that will help doctors and researchers conduct quantitative analysis of biomedical images.

This will help doctors and researchers have more accurate diagnoses of complex diseases.

Spencer Hewett is working on radio-powered payments.

Age: 20

Hewett is working on a combination of mobile payment technology and radio-frequency identification -- like near-field communication -- that will help eliminate checkout lines.

He says the project will also help reduce shoplifting.

Yoonseo Kang is building a network of open-sourced hardware plans.

Age: 18

Yoonseo wants to build a network of open-sourced hardware data -- including construction plans and detailed lists of construction materials.

He's building the network for the 50 most-used industrial machines that it takes to build a 'civilisation with modern comforts.'

Jimmy Koppel is making it easier to ferret out bugs.

Age: 20

Koppel is looking to build a system for modifying software that would remove the tedious process of making sure the software meshes perfectly -- even when a single line is changed.

This would streamline fixing bugs and making minor tweaks, without having to test and re-test the software to make sure it still runs.

Paul Sebexen wants to make building genetic constructs easier.

Age: 19

Sebexen is working with fellow Thiel fellow Kettner Griswold on a device that would allow individual labs and medical practices to create large genetic constructs in-house.

This would let labs conduct gene manipulation without having to outsource the process of getting a gene construct to some other firm.

Dylan Field is working on building creative tools.

Age: 20

Field is working with a fellow classmate after dropping out of Brown University to build better creative tools -- not very specific, but he says he envisions a world where people define themselves by 'what they create.'

Ritik Malhotra has been a programmer since he was baby.

Age: 19

Malhotra has been programming his whole life, starting at age 8. At age 12, he built a website that had more than 32,000 visitors.

Now he wants to provide a streamlined way of discovering and distributing content on social networking sites like Facebook.

Age: 19

Lelek isn't working on a specific project during his time as a Thiel Fellow, but he did start an 'instant-streaming' startup when he was 15.

He'll continue to create 'simple technology tools that empower people,' the foundation says.

Noor Siddiqui wants to connect companies with talented individuals around the globe.

Age: 17

Siddiqui looks to connect students across the globe with companies looking for talented individuals.

The goal is to help companies and industries discovery students that are inherently talented, but not visible like students in wealthier countries.

Tony Ho wants to make it easier to analyse biomedical images.

Age: 19

Ho is developing software with fellow Thiel Fellow Anand Gupta that will help doctors and researchers conduct quantitative analysis of biomedical images.

This will help doctors and researchers have more accurate diagnoses of complex diseases.

Charlie Stigler is making education workflow online more efficient.

Age: 19

Stigler has a project called Zaption, which integrates video into 'interactive Web experiences and studies.'

It'll have applications in the U.S. education system, where he seeks to improve the usual workflow for educators and collaborators.

Taylor Wilson is working on uranium detection for counter-terrorism.

Age: 18

This kid became the youngest person in history to create nuclear fusion. Since then, he's developed a low-cost way to detect enriched uranium.

He'll focus on counter-terrorism and production of medical isotopes for diagnosing and treating cancer while he's a Thiel Fellow.

Connor Zwick is creating a giant online database of flashcards.

Age: 18

Zwick has a project called Flashcards+, an educational application that's been downloaded 1.5 million times.

It's a crowd-sourced flashcard database with more than 400 million flashcards, geared toward education.

Chris Olah is making 3D printers more useful.

Age: 19

Olah wants to make computer-aided design with 3D printers more affordable.

His goal: make anyone with a 3D printer able to make basic scientific equipment, educational aids and tools that improve teh quality of life.

Semon Rezchikov is making it easier to develop synthetic biological tools

Age: 18

Rezchikov wants to develop technology that makes it easier and faster to produce synthetic biological components.

Tara Seshan is making health care more efficient in low-resource settings.

Age: 19

Seshan is developing tools that influences data analysis, monitoring and evaluation for public health decision making.

She's also developing tools that improve public health programs and can be implemented in low-resource settings.

Omar Rizwan is building an artificial intelligence by analysing a ton of data.

Age: 18

Rizwan is analysing big data sets in the hopes of speeding up progress in the field of artificial intelligence.

He's aggregating large data sets from the Internet and divining trends and conclusions from that data.

Ilya Vakhutinsky is making the health care system more transparent.

Age: 20

Vakhutinsky is developing tools for a more open and transparent health care system.

He wants to lower the cost of health care and help patients make better decisions about their health.

Think those research projects are cool?

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