Complex sentence: For his innovative work on the Kettle & Fire production cycle, Nick Mares received a 2016 Thiel Fellowship, an entrepreneurial fellowship created by Paypal co-founder Peter Thiel that sponsors the ventures of young students, maintaining an acceptance rate below 1%.
Split into simpler sentences: For his innovative work on the Kettle & Fire production cycle, Nick Mares received a 2016 Thiel Fellowship. It is an entrepreneurial fellowship created by Paypal co-founder Peter Thiel that sponsors the ventures of young students, and it maintains an acceptance rate below 1%.