The Nobel Prize is the world’s most prestigious award, but how was it instituted, how does it function and how has it evolved since its founding in 1900? Olof Somell of Nobel Prize Museum present the background and explains how Alfred Nobel could afford to establish and fund such an important award, how the Prize categories ended up looking as they do, and what impact the achievements of the Nobel Laureates have had during more than a century.

The lecture will be held in English.