High Quality Content by WIKIPEDIA articles! The Millennium Technology Prize (Finnish: Millennium-teknologiapalkinto) is the largest technology prize in the world. 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. It is awarded in recognition of technological innovations that contribute to the improved quality of human life and encourage sustainable development. The prize was inaugurated in 2004.