Dubbed the "Oscar for Inventors," the $500,000 Lemelson-MIT Prize is awarded to outstanding mid-career inventors who have developed a patented product or process of significant value to society, which has been adopted for practical use, or has a high probability of being adopted. By recognizing and funding younger, mid-career inventors, the prize is designed to spur inventive careers and provide role models for future generations of inventors. Chemical biologist Dr. Carolyn Bertozzi received the award in 2010.
The $100,000 Lemelson-MIT Award for Sustainability honors inventors whose products or processes impact issues of global relevance, as well as issues that impact local communities in terms of meeting basic health needs, and building sustainable livelihoods for the world's poorest populations. This year, social entrepreneur Dr. BP Agrawal was recognized for his innovative work to bring access to clean water to rural India.
Nominations for both prizes are open until October 5, 2010. Visit the Lemelson-MIT Program's awards page for more details.
About the Lemelson-MIT Program
The Lemelson-MIT Program recognizes outstanding inventors, encourages sustainable new solutions to real-world problems, and enables and inspires young people to pursue creative lives and careers through invention. The program was founded by Jerome Lemelson at the Massachusetts Institute of Technology in 1994, and is administered by the School of Engineering.