The Prize seeks to encourage education and research and is set to play the pioneering role in developing relations between science and technology institutions working in the OIC member countries.
It also aims to improve scientific relation between academics and researchers to facilitate the growth and perfection of science in the OIC member states.
The Prize is awarded in four categories, namely “Life Science and Medical Sciences”, “Nano Science and Nanotechnologies”, “The Information and Communication Science and Technologies”, and “Top Scientific Achievement in other fields”.
The laureates in each section will be awarded 500,000 USD which is financed through the endowments made to the Prize. The winners will also be adorned with a special medal and certificate.
The Mustafa Prize started its job in 2013. The Policy making Council of the Prize which is tasked with supervising various procedures of the event is comprised of high-profile universities and academic centers of OIC member states.
The prize will be granted to the works which have improved the human life and have made tangible and cutting-edge innovations on the boundaries of science or have presented new scientific methodology.