The Millennium Technology Prize is Finland’s tribute to innovations for a better life. The Prize is worth one million euros and it is awarded every second year.
The Prize highlights the extensive impacts of science and innovation on society, even on humanity at large.
General principles of the Millennium Technology Prize:
- Awarded to disruptive technological innovations that enhance the quality of people’s lives in a sustainable manner.
- The innovations have been applied in practice and are delivering extensive change now and in the future.
- The innovations stimulate further cutting edge research and development in science and technology.
The Millennium Technology Prize encourages further cutting-edge research and development and is thus not intended as a reward for lifetime achievement. The Prize also highlights the Finnish practical and solution-focused mindset – one of the greatest strengths of Finland – to the whole world.
Candidates for the Prize are accepted from across the world and all fields of technology excluding military technology. In a global world, people’s lives are affected by common problems and solutions. It is therefore also essential that a Finnish prize can be awarded to anywhere in the world. Nominations for the Prize can be made by science academies, universities, research institutes and industrial organizations.