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Engineering Prize to Be Worth £1m

from BBC News Online

A £1m prize--named after the Queen--is to be awarded for exceptional advances in engineering.

The prize, funded by an endowment from a number of engineering companies, will be awarded biannually to an individual or team of up to three people. It is designed to raise the profile of engineering and the recipients can be of any nationality.

The Queen Elizabeth Engineering Prize was officially launched at London's Science Museum on Thursday. The fund behind it will be managed by an independent trust that is chaired by Lord Browne, president of the Royal Academy of Engineering and a former chief executive of BP.

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