The Nobel
Prize is an international award administered by the Nobel Foundation in Stockholm, Sweden. Every year since 1901 the Nobel Prize has been awarded for achievements in physics, chemistry, physiology or medicine, literature and for peace.
Alfred Nobel - The Man Behind the Nobel Prize. The foundations for the prize were laid in 1895 when Alfred Nobel wrote his last will, leaving much of his wealth to the establishment of the Nobel Prize. The
process of selecting Nobel Laureates is made in a screening process: by forming a committee comprising of five to six members. In its first stage, several people are asked to nominate candidates. These names are scrutinized and discussed by experts in their specific disciplines until only the winners remain. This thorough process, insisted upon by Alfred Nobel.