THE YIDAN PRIZE
Founded in 2016 by Dr Charles CHEN Yidan, core founder of Tencent Group which is the largest and most popular Internet service portal in Mainland China, the Yidan Prize has a mission to create a better world through education. The Prize, which bestows HK$60 million (about US$7.8 million) worth of awards annually, comprises two categories: the Yidan Prize for Education Research, which recognizes outstanding research that contributes in significant ways to education, and the Yidan Prize for Education Development, which recognizes innovative ideas that tackle important challenges in the field of education. Each of the Yidan Prize for Education Research and Yidan Prize for Education Development comprises of a gold medal and an award of HK$30 million (about US$3.9 million), including a cash prize of HK$15 million (about US$1.9 million) and a project fund of HK$15 million. Should there be more than one individual receiving the Prize, the cash prize and project fund shall be shared equally among the Laureates. Through a series of initiatives, the prize serves to establish a platform that allows the global community to engage in conversation around education and to play a role in education philanthropy.