The Foundation was established with a vision of creating meaningful change in the everyday lives of millions of people by honoring transformational technological innovations. The Foundation was set up with an initial endowment of VND 2,000 billion (approximately US$100 million) from Mr. Phạm Nhật Vượng, the founder and Chairman of Vingroup JSC, a technology, industry, and services company in Vietnam, and his wife Mrs. Phạm Thu Hương.
The vision for the VinFuture Prize is to catalyze meaningful change in people’s everyday lives through tangible and highly scalable improvements in areas such as productivity, prosperity, connectivity, health, safety, environment, sustainability, as well as their overall happiness regardless of socioeconomic status.
The VinFuture Prize pledges US$4.5 million annually to reward breakthrough scientific research and technological innovations, including:
One grand VinFuture Prize of US$3 million
Three special VinFuture Prizes of US$500,000 each, dedicated to:
- Developing country innovators
- Female innovators
- Outstanding achievements in emerging fields
VinFuture Prize recognizes fundamental advances in science and engineering that align with the 17 Sustainable Development Goals (SDGs) of the United Nations, including eradicating poverty and hunger, enhancing health and quality of life, promoting access to quality education, clean water, and renewable energy, reducing inequality, addressing climate change, and so on.
The VinFuture Prize Council is a global and diverse team of distinguished individuals from academia, research, and industry, globally renowned for their achievements and contributions in advancing human progress in the fields of science, technology, and industry.
According to vinfutureprize.org