The
Millennium Technology Prize is one of the world's largest technology prizes. It is awarded once every two years by
Technology Academy Finland, an independent fund established by Finnish industry and the
Finnish state in partnership. The prize is presented by the
President of Finland. 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. The prize was inaugurated in 2004.