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Leonardo Myers
Leonardo Myers


Jackpot winners may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump-sum payment. Both advertised prize options are prior to federal and jurisdictional taxes.



Enter one or more of this year's challenges for the chance to win cash prizes and move on to the finals, where our panel of judges will decide on the grand prize winner! With a $50,000 Grand Prize on the line, and numerous other opportunities to win, there's no reason not to enter!

Submit your entries to one or more of the challenges through Challenges are open for set dates throughout the year, with finalists receiving $500 and the chance to win one of the larger cash prizes.

Our panel of judges, composed of familiar faces and industry leaders, will decide on finalists and winners. With five challenges to choose from, and mentor sessions to help inspire creativity, there are numerous opportunities to win! Grand prize winners also receive consideration to continue developing their winning entry as a resident of the Supplyframe DesignLab.

IE awards the IIE Victor J. Goldberg Prize for Peace in the Middle East annually to recognize outstanding work being conducted jointly by two individuals, one Arab and one Israeli, working together to advance the cause of peace in the Middle East. The two individuals whose work is judged to be most successful in bringing people together and meeting the goals of the Prize share a US$20,000 prize. The winners are selected by a prestigious international selection committee. Award ceremonies are generally held each June, along with public announcement of the winners to press and social media. The 2022 Prize was presented virtually on June 30, 2022 to two pairs of winners, Tariq Nassar and Liel Maghen of Sinsila Center for Urban Sustainability, Sami Huraini and Sharona Weiss for the Fa3za Campaign.

The winner of the Stockholm Water Prize is announced every year usually in March in conjunction with World Water Day. A royal prize ceremony is held as part of World Water Week in August, where the Laureate plays an important role. In addition to the global acknowledgement and visibility, the Stockholm Water Prize Laureate receives a specially designed sculpture and 500,000 SEK.

The prize ceremonies take place annually. Each recipient (known as a "laureate") receives a gold medal, a diploma, and a monetary award. In 2021, the Nobel Prize monetary award is 10,000,000 SEK.[7] A prize may not be shared among more than three individuals, although the Nobel Peace Prize can be awarded to organizations of more than three people.[8] Although Nobel Prizes are not awarded posthumously, if a person is awarded a prize and dies before receiving it, the prize is presented.[9]

Nobel's instructions named a Norwegian Nobel Committee to award the Peace Prize, the members of whom were appointed shortly after the will was approved in April 1897. Soon thereafter, the other prize-awarding organizations were designated. These were Karolinska Institute on 7 June, the Swedish Academy on 9 June, and the Royal Swedish Academy of Sciences on 11 June.[22] The Nobel Foundation reached an agreement on guidelines for how the prizes should be awarded; and, in 1900, the Nobel Foundation's newly created statutes were promulgated by King Oscar II.[17] In 1905, the personal union between Sweden and Norway was dissolved.

The Nobel Foundation was founded as a private organization on 29 June 1900. Its function is to manage the finances and administration of the Nobel Prizes.[24] In accordance with Nobel's will, the primary task of the foundation is to manage the fortune Nobel left. Robert and Ludvig Nobel were involved in the oil business in Azerbaijan, and according to Swedish historian E. Bargengren, who accessed the Nobel family archive, it was this "decision to allow withdrawal of Alfred's money from Baku that became the decisive factor that enabled the Nobel Prizes to be established".[25] Another important task of the Nobel Foundation is to market the prizes internationally and to oversee informal administration related to the prizes. The foundation is not involved in the process of selecting the Nobel laureates.[26][27] In many ways, the Nobel Foundation is similar to an investment company, in that it invests Nobel's money to create a solid funding base for the prizes and the administrative activities. The Nobel Foundation is exempt from all taxes in Sweden (since 1946) and from investment taxes in the United States (since 1953).[28] Since the 1980s, the foundation's investments have become more profitable and as of 31 December 2007, the assets controlled by the Nobel Foundation amounted to 3.628 billion Swedish kronor (c. US$560 million).[29]

According to the statutes, the foundation consists of a board of five Swedish or Norwegian citizens, with its seat in Stockholm. The Chairman of the Board is appointed by the Swedish King in Council, with the other four members appointed by the trustees of the prize-awarding institutions. An Executive Director is chosen from among the board members, a deputy director is appointed by the King in Council, and two deputies are appointed by the trustees. However, since 1995, all the members of the board have been chosen by the trustees, and the executive director and the deputy director appointed by the board itself. As well as the board, the Nobel Foundation is made up of the prize-awarding institutions (the Royal Swedish Academy of Sciences, the Nobel Assembly at Karolinska Institute, the Swedish Academy, and the Norwegian Nobel Committee), the trustees of these institutions, and auditors.[29]

In 2011, the total annual cost was approximately 120 million kronor, with 50 million kronor as the prize money. Further costs to pay institutions and persons engaged in giving the prizes were 27.4 million kronor. The events during the Nobel week in Stockholm and Oslo cost 20.2 million kronor. The administration, Nobel symposium, and similar items had costs of 22.4 million kronor. The cost of the Economic Sciences prize of 16.5 Million kronor is paid by the Sveriges Riksbank.[30]

Once the Nobel Foundation and its guidelines were in place, the Nobel Committees began collecting nominations for the inaugural prizes. Subsequently, they sent a list of preliminary candidates to the prize-awarding institutions.

The Nobel Committee's Physics Prize shortlist cited Wilhelm Röntgen's discovery of X-rays and Philipp Lenard's work on cathode rays. The Academy of Sciences selected Röntgen for the prize.[32][33] In the last decades of the 19th century, many chemists had made significant contributions. Thus, with the Chemistry Prize, the academy "was chiefly faced with merely deciding the order in which these scientists should be awarded the prize".[34] The academy received 20 nominations, eleven of them for Jacobus van 't Hoff.[35] Van 't Hoff was awarded the prize for his contributions in chemical thermodynamics.[36][37]

The Swedish Academy chose the poet Sully Prudhomme for the first Nobel Prize in Literature. A group including 42 Swedish writers, artists, and literary critics protested against this decision, having expected Leo Tolstoy to be awarded.[38] Some, including Burton Feldman, have criticised this prize because they consider Prudhomme a mediocre poet. Feldman's explanation is that most of the academy members preferred Victorian literature and thus selected a Victorian poet.[39] The first Physiology or Medicine Prize went to the German physiologist and microbiologist Emil von Behring. During the 1890s, von Behring developed an antitoxin to treat diphtheria, which until then was causing thousands of deaths each year.[40][41]

In 1938 and 1939, Adolf Hitler's Third Reich forbade three laureates from Germany (Richard Kuhn, Adolf Friedrich Johann Butenandt, and Gerhard Domagk) from accepting their prizes.[42] They were all later able to receive the diploma and medal.[43] Even though Sweden was officially neutral during the Second World War, the prizes were awarded irregularly. In 1939, the Peace Prize was not awarded. No prize was awarded in any category from 1940 to 1942, due to the occupation of Norway by Germany. In the subsequent year, all prizes were awarded except those for literature and peace.[44]

During the occupation of Norway, three members of the Norwegian Nobel Committee fled into exile. The remaining members escaped persecution from the Germans when the Nobel Foundation stated that the committee building in Oslo was Swedish property. Thus it was a safe haven from the German military, which was not at war with Sweden.[45] These members kept the work of the committee going, but did not award any prizes. In 1944, the Nobel Foundation, together with the three members in exile, made sure that nominations were submitted for the Peace Prize and that the prize could be awarded once again.[42]

In 1968, Sweden's central bank Sveriges Riksbank celebrated its 300th anniversary by donating a large sum of money to the Nobel Foundation to be used to set up a prize in honour of Alfred Nobel. The following year, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded for the first time. The Royal Swedish Academy of Sciences became responsible for selecting laureates. The first laureates for the Economics Prize were Jan Tinbergen and Ragnar Frisch "for having developed and applied dynamic models for the analysis of economic processes".[46][47] The board of the Nobel Foundation decided that after this addition, it would allow no further new prizes.[48]

Nomination forms are sent by the Nobel Committee to about 3,000 individuals, usually in September the year before the prizes are awarded. These individuals are generally prominent academics working in a relevant area. Regarding the Peace Prize, inquiries are also sent to governments, former Peace Prize laureates, and current or former members of the Norwegian Nobel Committee. The deadline for the return of the nomination forms is 31 January of the year of the award.[49][50] The Nobel Committee nominates about 300 potential laureates from these forms and additional names.[51] The nominees are not publicly named, nor are they told that they are being considered for the prize. All nomination records for a prize are sealed for 50 years from the awarding of the prize.[52][53] 041b061a72


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