The Millennium Technology Prize is Finland's tribute to innovations for a better life. The aims of the prize are to promote technological research and Finland as a high-tech Nordic welfare state.

General principles of the Millennium Technology Prize:

  • Awarded to groundbreaking 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.
Secondly, as the Millennium Technology Prize is designed to encourage further cutting-edge research and development, it is not intended as a reward for lifetime achievement.

The prize is awarded every second year. Nominations for the prize can be made by academies, universities, research institutes and companies. Candidates are sought from across the world and all fields of technology (excl. military technology).

The Millennium Technology Prize is awarded by Technology Academy Finland (TAF), an independent foundation, established by Finnish industry and the Finnish state in partnership.

The prize is worth 1 million euros.