"As long as science prizes are rigorous and judged by scientific experts, they can indeed stimulate innovation by attracting funding and public interest. Top quality nominations are the basis for all that the Millennium Technology Prize achieves, and we look forward to receiving them once again."
TAF partners with leading Finnish companies, government and academic organizations in promoting the prize. Dr Tuula Teeri , President of Aalto University, a strategic partner of TAF, said: "Academic research has a major role in creating new innovations and in building a better world. Aalto University is proud to contribute to awarding this prominent prize."
Robust judging process
The prize is celebrated for its robust vetting and judging process, run by experts in the field. The task of sifting and assessing the nominations falls to the International Selection Committee made up of eight world-class scientists. The Committee members are selected by the Board of Technology Academy Finland based on proposals made by Aalto University.The Selection Committee members assess nominations according to several important criteria. Firstly, an innovation must already have shown that it can have a beneficial influence on a large number of people. Secondly it must promote sustainable development. Thirdly, the nominees must be planning to continue developing their cutting-edge research themselves. Finally, self-nominations are not permitted - candidates must be nominated by science and engineering academies, universities, research institutes, industrial enterprises and associations. The International Selection Committee starts the evaluation process by studying the background material prepared by the nominators. In the next step the Committee, with the support of external experts, carries out its own research on the most promising candidates. Based on the outcome the Committee draws up a shortlist of Laureates for the Board of the Technology Academy Finland. Upon approval from the Board the International Selection Committee further recommends a Winner (Winners) for the Grand Prize, to be finally approved by the TAF Board.