Peter Thiel (left), co-founder of PayPal, is starting a grant program to encourage kids to start their own businesses.
Thiel does not believe that colleges teach kids enough about entrepreneurship. He is now offering 20 winners, under the age of 20, $100,000 grants to fund new business.
Thiel wants to be able “to encourage potential young entrepreneurs to get get involved in science technology.”
The start up cash is most often the problem for new businesses…but not for these 20 winners!