Millennium Technology Prize
The Millennium Technology Prize is Finland's tribute to innovations for a better life.
The prize promotes technological research and Finland as a high-tech country.
The rationale behind the international Millennium Technology Prize is the extensive impacts of science and innovation on society, even on humanity at large.
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.
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 Millennium Technology Prize tries to bring the benefits of the Finnish practical and solution-focused mindset – one of the greatest strengths of Finland – to the whole world.
Candidates are sought from across the world and all fields of technology (excl. 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 academies, universities, research institutes and companies.
The Millennium Technology Prize is awarded by Technology Academy Finland (TAF). The prize is worth 1 million euros, and it is granted by the Ministry Of Employment and the Economy.