The Shaw Prize is an annual award presented by the Shaw Prize Foundation. Established in 2002 in Hong Kong, it honours The prize has been described as the "Nobel of the East". It was founded by Hong Kong entertainment mogul and philanthropist Run Run Shaw (邵逸夫). The prize consists of three awards in the fields of astronomy, life science and medicine, and mathematical sciences; it is not awarded posthumously. Nominations are submitted by invited individuals beginning each year in September. Winners are announced in the summer and receive the award at a ceremony in early autumn. Each award consists of a gold medal, a certificate and USD$1.2 million (USD$1 million before 2015). The front of the medal bears a portrait of Shaw and the name of the prize in English and Traditional Chinese characters; the back bears the year, category, laureate's name and a quotation from the Chinese philosopher Xunzi "制天命而用之" (translated to English as "Grasp the law of nature and make use of it"). More information...
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