The Millennium Technology Prize is Finland's tribute to life-enhancing technological innovations. The prize has been established to steer the course of technological development to a more humane direction. In particular, the prize seeks to highlight innovations that assist and enrich our everyday lives today as well as in the future.

The prize is awarded every second year. Nominations for the prize can be made by academies, universities, research institutes and industrial organizations. Candidates are sought from across the world and all fields of technology.

The Millennium Technology Prize is the world's biggest technology prize and it is awarded by the Technology Academy Finland, an independent fund established by Finnish industry and the Finnish state in partnership.

The aims of the prize are to promote technological research and innovation that have a positive impact on the quality of life, alleviate fears towards technological change and encourage discussion between technology specialists and societal decision makers.