Samuel Yin, one of Taiwan’s richest men has launched the Asian equivalent of the Nobel Prize. What is the name of this new prize?
Samuel Yin, one of Taiwan’s richest men launched the Asian equivalent of the Nobel Prize — the Tang Prize— by donating Tw$3 billion (about $101 million) for it. The prize is named after China’s Tang Dynasty (618-907) — which inspired generation after generation with admiration for its vibrant characteristics of self-confidence and cosmopolitan inclusiveness — the qualities that the Tang Prize seeks to promote. Beginning in 2014, prizes will be awarded every two years in four categories — sustainable development; biopharmaceutical science; sinology; and the ‘rule of law’ — to individuals, regardless of nationality. The winner in each category will receive Tw$50 million ($1.7 million), compared to the eight million Swedish kronor ($1.2 million) that comes with a Nobel Prize.