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The Shaw Prize is an annual award first presented by the Shaw Prize Foundation in 2004. Established in 2002 in Hong Kong, it honours living "individuals who are currently active in their respective fields and who have recently achieved distinguished and significant advances, who have made outstanding contributions in academic and scientific research or applications, or who in other domains have achieved excellence. The award is dedicated to furthering societal progress, enhancing quality of life, and enriching humanity's spiritual civilization.The prize, widely regarded as the "Nobel of the East",is named after Sir Run Run Shaw , a leader in the Hong Kong media industry and a long-time philanthropist.

The prize is for recent achievements in the fields of astronomy, life science and medicine, and mathematical sciences; it is not awarded posthumously.Nominations are submitted by invited individuals beginning each year in September. The award winners are then announced in the summer, and receive the prize at the ceremony in early autumn. The winners receive a medal and a certificate. The front of the medal bears a portrait of Shaw as well as the English and the Traditional Chinese name of the prize; the back bears the year, the category, the name of the winner and a Chinese quotation of philosopher Xun Zi (which means "Grasp the law of nature and make use of it").In addition, the winner receives a sum of money, which is worth US$1 million as of 2008.

Awarded for:

Outstanding contributions in astronomy, life science and medicine, and mathematical sciences.

Award categories:

Astronomy, life science and medicine, and mathematical sciences.