The Fields Medal, officially known as International Medal for Outstanding Discoveries in Mathematics, is a prize awarded to two, three, or four mathematicians not over 40 years of age at each International Congress of the International Mathematical Union (IMU), a meeting that takes place every four years. The colloquial name is in honour of Canadian mathematician John Charles Fields. Fields was instrumental in establishing the award, designing the medal itself, and funding the monetary component. The Fields Medal is often viewed as the greatest honour a mathematician can receive. Often referred as the “Nobel Prize for mathematics”, it comes with a monetary award, which since 2006 is $15,000 (in Canadian dollars, roughly US $15,000.). The medal was first awarded in 1936 to Finnish mathematician Lars Ahlfors and American mathematician Jesse Douglas, and it has been awarded every four years since 1950. Its purpose is to give recognition and support to younger mathematical researchers who have made major contributions.
Read more about Fields Medal: Conditions of The Award, Fields Medalists, Landmarks, The Medal
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