NEWS

4 Canadians get $100,000 to drop out of school and kick start businesses


Global News

Four Canadian youth will be putting their formal education on hold and accepting hefty cheques to help kick-start their budding technology-oriented business ventures.

The former students are among the 20 winners of the 2015 Peter Thiel Fellowship, a program that offers $100,000 in funding and two years’ worth of mentorship to young entrepreneurs who drop out of school to take their fledgling businesses to the next level.

The four Canadian winners, who hail from Ontario and Quebec, range in age between 18 and 22 and have all launched companies with a strong emphasis on up-and-coming technology.

Montreal’s Simon Tian has founded a company designing wearable technology to help people perform day-to-day tasks in any environment.

Cathy Tie of Toronto co-founded a startup focused on improving the accuracy of genetic testing.

The contact lenses being developed by Harry Gandhi of Waterloo, Ont., would be able to monitor glucose levels in diabetics.

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