The Nobel Prizes are widely regarded as the most prestigious awards given in the intellectual realm for exceptional contributions in certain selected fields. These coveted prizes are annually awarded by Swedish and Norwegian institutions.
The foundations for the Nobel Prizes were laid in 1895, when Swedish inventor and industrialist Alfred Nobel wrote his last will, leaving much of his wealth to the establishment of the Nobel Prize. Alfred Nobel instructed that most of his fortune be set aside as a fund for the awarding of five annual prizes.
Since 1901, the Nobel Prize has been honouring men and women from all around the globe for outstanding achievements in physics, chemistry, literature, physiology or medicine, and for contributions to peace. The first distribution of the prizes took place on 10th December 1901, on the fifth death anniversary of Alfred Nobel. In 1968, an additional award in Economic Sciences was introduced by Sweden’s central bank in memory of Alfred Nobel. It was first awarded in 1969.
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