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Millennium Technology Prize: Announcing Nominations for 2027

The prestigious Millennium Technology Prize, recognized worldwide for celebrating trailblazing innovations, is set to honor new accomplishments in technology aimed at enhancing human life and preserving the Earth. This iconic award, valued at one million euros, will be conferred in May 2027, and nominations are currently open from November 6, 2025, until February 27, 2026.

Broadening the Scope

This year, the eligibility criteria have been expanded significantly to encourage nominations for novel innovations that are poised to improve well-being and sustainability. Unlike past iterations, the current prize may recognize revolutionary concepts that have yet to be commercially implemented on a global scale. This pivotal shift opens doors for groundbreaking ideas that can transform aspirations into reality.

According to Maija Liiri-Virmiala, CEO of Technology Academy Finland, the foundation responsible for the prize, collaboration is key in today’s climate of global challenges and opportunities. "True innovation thrives on collaboration. While these obstacles persist, numerous teams of thinkers and innovators worldwide are laying the groundwork for solutions. The Million Technology Prize is designed to connect scientists, industry leaders, and innovators, amplifying the effect of cutting-edge solutions," she stated.

Past Winners and Impact

The prize has a rich history of recognizing innovations with substantial impact on society. Previous laureates include pioneers in various fields, including ethical stem cell research, open-source operating systems, and next-generation DNA sequencing technologies.

A significant recent winner, Professor Bantval Jayant Baliga from North Carolina State University, received the accolade in 2024 for his game-changing invention, the Insulated Gate Bipolar Transistor (IGBT). This technology has led to a notable decrease in energy consumption and carbon emissions globally, effectively saving over 82 gigatons of carbon dioxide over the last three decades.

Who Can Nominate?

Nominations for this coveted prize can be submitted through an easy-to-use online portal. Organizations, companies, and individuals are encouraged to nominate individuals or teams from a wide array of backgrounds. Nominators should consider the diversity of nominees, thereby fostering a rich pool of candidates with varied perspectives and solutions.

The Millennium Technology Prize, initiated in 2004, continues to push the boundaries of innovation and inspire future generations. With the support of the President of Finland as its patron, the prize aims to acknowledge transformative advancements that not only promise but deliver substantial benefits to humanity and the environment.

Looking Ahead

The period for nominations is vital for sparking interest and enthusiasm around groundbreaking innovations. The Millennium Technology Prize stands at the forefront of recognizing quality, commercially viable innovations supported by ethically sound research. This quest for excellence resonates globally, inviting all capable of contributing to a better future to participate.

The countdown to the next awards ceremony has begun, presenting an exciting opportunity for innovators to showcase their solutions and drive positive change in society.

For additional information or resources, please reach out to Maija Liiri-Virmiala at Technology Academy Finland, where the commitment to fostering innovation and technology for the betterment of mankind continues to thrive.