The Thiel Fellowship gives $100,000 to young people who want to build new things instead of sitting in a classroom.
Each year between 20 and 30 Fellows receive $100,000, spread out over two years.
No equity is taken in your company - the Fellowship does not take any ownership stake in your project.
Applicants will also be considered for a spot at one of their twice-yearly Summits.
Note that while some organisers may accept applications from all around the world, you may still be required to travel to the host country in order to take part in the later stages of a competition for instance, or you may be required to live there for a period of time to take part in a funded programme (e.g. scholarship, incubator, accelerator).