A total of four Prizes are awarded annually: two are awarded in the field of humanities (ie literature, the moral sciences and the arts) and two in the sciences (ie medicine and the physical, mathematical and natural sciences). The overall aim of the Prize is to recognise the most outstanding initiatives amongst scholars, scientists or artists and to foster their growth in the scientific and cultural world.
The total prize money available is three million Swiss francs.
Each prize has a value of 750,000 Swiss francs (approximately €700,000).
Prize winners must dedicate half of the Prize they receive for financing research projects that are preferably carried out by young scholars or scientists.
The International Balzan Foundation was created in 1956 to recognise the most outstanding initiatives of peace and brotherhood among peoples, and foster their growth in the scientific and cultural world. The main objective of the Foundation is to award the Balzan Prize.
The Balzan Prize is awarded annually to four scholars, scientists or artists who have distinguished themselves in their fields on an international level.
The aim of the Prize is to foster culture, the sciences and the most meritorious initiatives in the cause of humanity, peace and brotherhood among peoples throughout the world.
Self nominations are not accepted.
Candidates are nominated by universities, academies and other cultural institutions throughout the world at the Foundation's request.