Breakthrough Prize in Fundamental Physics

Breakthrough Prize in Fundamental Physics
Awarded forTransformative advances in fundamental physics
CountryInternational
Presented byFundamental Physics Prize Foundation
First awarded2012
WebsiteOfficial Website

The Breakthrough Prize in Fundamental Physics[1] is awarded by the Fundamental Physics Prize Foundation, a not-for-profit organization dedicated to awarding physicists involved in fundamental research. The foundation was founded in July 2012 by Russian physicist and internet entrepreneur Yuri Milner.[2]

As of September 2018, this prize is the most lucrative academic prize in the world[3] and is more than twice the amount given to the Nobel Prize awardees.[4][5] This prize is also dubbed by the media as the "XXI Century Nobel".[6]

Nominations and awards money

As of September 2018, anyone can nominate a candidate through the FPP website.[2] As of September 2018, each award is worth $3 million. The monetary value exceeds that of the prestigious Nobel Prize, which in 2012 stood at slightly more than $1.2 million.[4][6]

Physics Frontiers Prize laureates (those on the shortlist for the Fundamental Physics Prize) who do not go on to be awarded the Fundamental Physics Prize each receive (as of 2013) $300,000 and are automatically re-nominated for the Fundamental Physics Prize each year for the next 5 years.[2]