High Quality Content by WIKIPEDIA articles! The Millennium Technology Prize 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. The Prize celebrates innovations that have a favourable impact on quality of life and well-being or on sustainable development. It has been established to steer the course of technological development to a more humane direction. The objective of the Millennium Technology Prize is to highlight technical development that has a humanitarian focus, to make the work of researchers and application builders in different sectors better known, and to encourage discussion and debate between researchers, companies, and national and communal decision makers.

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