Thiel Fellowship 2024: Age Limit, Acceptance Rate, Application Deadline

Candidates with a creative bent of mind may apply for the Thiel Fellowship. The fellowship was founded in 2011 by Peter Thiel, a technology entrepreneur and investor. The Thiel Fellowship Scholarship has a grant amount of USD 100,000 and covers a two-year program.

The Thiel fellowship is open to young people who are 22 years or younger with a penchant for building new things. A key feature of the scholarship is the award recipient has to skip or stop out of college to receive the fellowship. There is no deadline for the Peter Thiel Fellowship applications, they accept applications year-round.

This Story also Contains

1. What is Thiel Fellowship?
2. Thiel Fellowship At a Glance
3. Thiel Fellowship Eligibility
4. Thiel Fellowship Requirements
5. How to Apply for Thiel Fellowship
6. Steps to fill application form for Thiel Fellowship
7. What are the benefits of the Thiel Fellowship?

The Thiel Fellowship acceptance rate is highly competitive, with only a small percentage of applicants being selected each year. However, for those who are chosen, the fellowship offers unparalleled support and resources to help them turn their ideas into reality.

Indian applicants are also welcome to apply for the Peter Thiel Fellowship, provided they meet the eligibility criteria and demonstrate a strong passion for innovation and entrepreneurship. The fellowship has a global outlook and seeks to support talented individuals from diverse backgrounds and nationalities. Check details on Thiel fellowship 2024 Indian, its meaning, requirements, how to apply and more.

What is Thiel Fellowship?

Created by the billionaire Peter Thiel through the Thiel Foundation. As part of Thiel Scholarship students aged 22 or below who are school dropouts and have ideas to pursue other work.

It could be a scientific research, beginning a startup, and working on a social movement. This is an annual award. Selected candidates are granted USD 1,00,000 (Rs. 83 lakhs) over two years along with related guidance and resources. Some of the popular people who received Thiel fellowship include Dylan Field (Figma), Ritesh Agarwal (OYO Founder), Vitalik Buterin (Ethereum), and Boyan Slat (The Ocean Cleanup).

Thiel Fellowship At a Glance

1. Peter thiel Scholarship is granted to around 20-30 individuals every year.

2. Thiel fellowship acceptance rate is 0.1% indicating that it is highly competitive.

3. The fellowship is not limited to software engineers, as some assume it to be. In fact, it is open to any “young people who want to bring their ideas to the world.”

4. The application form for Thiel Fellowship 2023 is open year-round. So one may apply whenever they feel like it.

5. To accept the Thiel fellowship scholarship, the recipient has to drop out. This holds true even for school-goers.

6. Also, Thiel Fellowship winners 2023 don’t have to move to San Francisco, as Thiel Fellows are based all over the world.

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Thiel Fellowship Eligibility

• Thiel Fellowship Age Limit: Applicants must be under the age of 22 at the time of applying.
• No College Degree Required: While not a strict requirement, applicants are typically pursuing entrepreneurial projects outside of a traditional college education.

Thiel Fellowship Requirements

To be eligible for the Thiel Fellowship, applicants must be under the age of 22. The fellowship is open to individuals from any country and background, with a strong emphasis on creativity, vision, and the potential to create disruptive technologies or businesses. While a college degree is not required, applicants must demonstrate a clear and compelling vision for their project or venture.

For students who are in school, Thiel fellowship requirements mandate dropping out their studies to pursue their ideas. In addition, there are other thiel fellowship eligibility criteria that the fellowships grant committee will decide based on applications submitted by applicants.

Also, considering the fellowship is meant for young people who want to build new things, the applicant must be able to showcase that he/she has bright ideas as thiel fellowship acceptance rate is extremely low at 0.1%. Those who fulfill the thiel fellowship eligibility criteria can apply throughout the year, at any time of the day.

How to Apply for Thiel Fellowship

The Thiel fellowship application form opens in online mode and can be submitted by candidates who meet the prescribed eligibility criteria of Thiel Scholarship. Considering the Thiel Fellowship application form is open 24/7, one can apply anytime one wants.

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Steps to fill application form for Thiel Fellowship

Step 1 - Thiel Fellow application registration

To register, follow the steps listed below.

1. Go to registration portal of Peter Thiel scholarship.

2. Click on Sign Up option.

3. Enter valid email ID and password. Confirm password.

4. On correctly entering the required details, a candidate account will be created.

Step 2- Profile creation

The candidate has to next create a profile by entering details like name, email ID, and date of birth.

Step 3 - Thiel Fellowship Application form filling

To start the thiel fellowship application process, click on the Edit button, upon which a detailed application form will open up. Give an email ID that is actively in use to fill Thiel fellowship application.

1. First name

2. Last name

3. Email address

4. Date of birth

5. Hometown

6. Current Location

7. Current work address and location

8. Project/company link

9. Linked link

10. What cool stuff have candidates worked on in the past?

11. Are candidates open to co-founding a startup with a different idea?

12. Are they currently attending college?

13. Do they have currently have any eligible co-founders (22 and younger and without a college degree)?

14. Would like to recommend someone (22 or younger and without a college degree) for the Thiel Fellowship Scholarship?

15. How did candidates hear about the Thiel Fellowship Scholarship?

The candidate has to submit completed application forms.

What are the benefits of the Thiel Fellowship?

The Thiel Fellowship offers young entrepreneurs a unique opportunity to pursue their innovative ideas and projects without the need to attend college. The fellowship provides a range of benefits, including:

1. Financial Support: Each fellow receives a grant of USD 100,000 over two years.

2. Access to Network: Fellows gain access to a network of experienced entrepreneurs, investors, and mentors who can provide guidance, advice, and support for their projects.

3. Learning Opportunities: While not attending college, with the Thiel Fellowship fellows have the opportunity to learn through real-world experiences, building valuable skills and knowledge that can benefit them in their entrepreneurial endeavors.

4. Visibility and Recognition: Being a Thiel Fellow provides recognition and credibility, which can open doors to additional opportunities, partnerships, and funding for future projects.

5. Focus on Impact: The fellowship encourages fellows to focus on projects that have the potential to make a significant impact, whether socially, economically, or technologically.