Peter Thiel?s Breakout Labs Funds Tissue Engineering, Nano-Engineering Projects And More

Breakout Labs, Peter Thiel's effort to put $5 million toward cutting-edge research, just awarded another round of funding toward technologies that could one day create meat without harm to animals and improve disease diagnosis. The fund usually awards $50,000 to $350,000 and lets grantees keep their intellectual property rights in exchange for a small royalty (capped at three times the grant amount) and an investment option. It's still early days, so the initial projects that were funded a few months ago have yet to raise significant follow-on funding.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/NjXEALc2lOo/

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