VinFuture Prize Pledges $4.5m Annually To Reward Scientific Research, Tech Innovations

VinFuture Foundation has officially launched The VinFuture Prize, the first global science and technology prize from Vietnam, and one of the world’s largest annual prizes in science and technology. 

VinFuture Foundation is founded by Mr. Phạm Nhật Vượng, the first Vietnamese billionaire – Founder and Chairman of the largest Vietnamese conglomerate Vingroup Corporation, together with his wife, Mrs. Phạm Thu Hương.

The vision of this endeavor is to “create meaningful change in the everyday lives of millions of people by promoting breakthrough scientific research and technological innovations”. 

With that vision in mind, the VinFuture Foundation works to honour exceptional minds whose research and technological innovations will improve the quality of life and ensure sustainable living for future generations by addressing the everyday issues of people, aligned with one or more of the UN Sustainable Development Goals (SDGs). 

Keeping in mind its origins in a developing country, VinFuture Prize will seek to ensure that fair and equal opportunities are accessible to all scientists and innovators, especially those who are making efforts under limited resources. 

The VinFuture Prize comprises of a Grand Prize and three special prizes. The Grand Prize of $3M will be one of the largest annual global science and technology prizes in value. 

The Grand Prize would be open to all, regardless of the candidate’s nationality, age, gender, social status, or economic background. 

The prize will be awarded to proven breakthrough research and technological innovations that positively improve the quality of human life, and create a more equitable and sustainable world for future generations.

In addition to the Grand Prize, three special prizes of US$ 500,000 each will also be awarded annually, with a focus on promoting diversity, equity, and new fields of study. These prizes will be earmarked for the following groups:

  • One VinFuture Special Prize for an exceptional researcher or innovator from a developing country institute 
  • One VinFuture Special Prize for an outstanding woman researcher or innovator. 
  • One VinFuture Special Prize for breakthrough research or innovations in an emerging field of science and technology that has significant future potential to create positive change for humanity.

Nominations will be solicited from a large, diverse pool of distinguished nominators, including globally renowned scientists and innovators, academic institutions, technology corporations, and prestigious innovation incubators in all countries. – BusinessNewsAsia.com