According to Nobel’s original wishes, the ideal amount of the Nobel Prize should be able to ensure that a professor can continue his research without receiving a salary for 20 years

Nobel Prize funds Sources include donations from Swedish banks and foundation profits.

There are currently 6 types of Nobel Prizes, including 3 in natural sciences: physics, chemistry, medicine or physiology. The other three categories are literature, peace cause, and economics.

The Nobel Prize is administered by a committee of the Swedish government, the Physics, Chemistry and Economics Prizes are assessed by the Royal Swedish Academy of Sciences, the Physiology or Medicine Prize is assessed by the Caroline Institute of Medicine and Surgery in Stockholm, and the Literature Prize is assessed by the Swedish Academy of Sciences. The Peace Prize is assessed by the Academy of Arts and Sciences by a five-member committee elected by the Norwegian Parliament.

The first Nobel Prize was awarded on December 10, 1901. Except for interruptions due to wartime, award ceremonies are held grandly in Stockholm and Oslo every year on this day. The selection process for the Nobel Prize has never changed since it was awarded. Every year, about 2,000 candidates are solemnly recommended by Swedish and foreign Nobel Prize winners and authorities in various disciplines and industries. Hundreds of them are formally recommended to the review committee. After a long period of investigation and secret meetings, the final winner is decided. people.

The awarding of Nobel Prizes focuses on major scientific achievements, which must pass the test of time to prove that the work results of these scientists have indeed played a major role in the development of science and production. Adhering to this rule will ensure that the award objects are basically selected accurately and the high level of the scientific achievements that win the award will be ensured. In addition, the award committee also pays attention to rewarding groundbreaking basic research, basic theoretical research and creative research in tools.