|The Lemelson Foundation awards several prizes yearly to inventors in United States. The largest is the LemelsonÃ¢â‚¬â€œMIT Prize which was endowed in 1994 by Jerome H. Lemelson, and is administered through the Massachusetts Institute of Technology. The winner receives $500,000, making it the largest cash prize for invention in the U.S. From 1995 through 2006, the $100,000 LemelsonÃ¢â‚¬â€œMIT Lifetime Achievement Award and the $30,000 LemelsonÃ¢â‚¬â€œMIT Student Prize were also presented along with the LemelsonÃ¢â‚¬â€œMIT prize. In 2007 the Lifetime Achievement award was replaced with the $100,000 LemelsonÃ¢â‚¬â€œMIT Award for Sustainability. In 2007 the Lemelson Foundation also introduced two additional $30,000 student prizes to be awarded at Rensselaer Polytechnic Institute and the University of Illinois at Urbana-Champaign. A student prize for the California Institute of Technology was added in 2009 and canceled in 2011.|
Check all the Awards, Winners and Nominations for the Lemelson–MIT Prize since 1996.