31 May '11, 2am

Unique scholarship sees US tech mogul paying bright minds -not- to go to college, but to change the world

SAN FRANCISCO - INSTEAD of paying attention in high school, Nick Cammarata preferred to read books on whatever interested him. He also has a gift for coding that got him into Carnegie Mellon University's esteemed computer science program despite his grades. But the 18-year-old programmer won't be going to college this fall. Or maybe ever. Mr Cammarata is one of two dozen winners of a scholarship just awarded by San Francisco tech tycoon Peter Thiel that comes with a unique catch: The recipients are being paid not to go to college. Instead, these teenagers and 20-year-olds are getting US$100,000 (S$123,100) each to chase their entrepreneurial dreams for the next two years. 'It seems like the perfect point in our lives to pursue this kind of project,' says Mr Cammarata of Newburyport, Massachusetts, who along with 17-year-old David Merfield will be working on software to upe...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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