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.
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).