Presumably to celebrate the Queens Diamond Jubilee, and to also celebrate engineering, a 1M pound prize has been announced to be given biannually for achievements in engineering.
Lord Browne, Chairman of the Queen Elizabeth Prize Foundation, said, ‘Too often the engineers behind the most brilliant innovations remain hidden – The Queen Elizabeth Prize aims to change that. It will celebrate, on an international scale, the very best engineering in the world’.
Candidates from around the world are able to win the prize, which is funded by 11 British and Indian companies, including BP. Organisers hope that the £1m award will come to rival the level of prestige enjoyed by the Nobel Prize.
This is interesting, but I think to rival the Nobel prize a fund would need to be established where the funding for the prize is completely independent from the sponsoring companies. I also think it is worth pointing out that although the Nobel Prize is given in Physics, Chemistry, Peace, Literature and Physiology or Medicine, it is worth reminding people that is was established by an Engineer.
— update —
The first Queen Elizabeth Prize for Engineering of 1 Million Pounds was awarded to Sir Tim Berners-Lee, Robert Kahn, Vinton Cerf, Louis Pouzin and Marc Andreessen for their pioneering work developing the the internet.