The Prize reinforces the idea of a holistic interdisciplinary approach for eligible areas within science and technology. The research/invention/innovations of the nominee(s) will need to have proven real-life impacts for the Grand Prize or the potentials to make real-life impacts for the Special Prizes that help solve real-world problems for millions of people.

The VinFuture Prize is managed by the VinFuture Foundation, an independent, not-for-profit foundation in Vietnam, which was set up with an initial endowment of VND 2,000 billion (~US$ 100 million) from Mr. Pham Nhat Vuong, the Founder and Chairman of Vingroup JSC, a technology, industry, and services company in Vietnam, and his wife, Madam Pham Thu Huong.

The VinFuture Prize pledges US$ 4.5 million annually to reward breakthrough scientific research and technological innovations. The VinFuture Prize consists of a Grand Prize valued at US$ 3 million and 03 special VinFuture Prizes valued at US$ 500,000 each. The special prizes will be awarded for the following categories:

VinFuture Special Prize for Innovators from Developing Countries: Dedicated to an exceptional researcher or innovator currently working in a developing country institute. A list of developing countries by the United Nations is available here.

VinFuture Special Prize for Female Innovators: Dedicated to outstanding female researcher(s) or innovator(s).

VinFuture Special Prize for Innovators with Outstanding Achievements in Emerging Fields: Awarded for research or innovations that are in an emerging field that has the potential to create positive changes for humanity. The specific emerging field would be decided by the Prize Council annually.

A prize can be shared, and it may be shared between people from different fields of contributions from different fields that are necessary to deliver global benefits.

Therefore, there may be people from one institution or several institutions with different backgrounds, fields, and contributions solving the same problem. The Foundation and the Prize Council do not put an upper limit on the number of winners for a prize.

Yes, since the VinFuture Prizes are annual prizes, they are given every year.