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The Kyoto Prize(京都賞,Kyōto-shō?) is a Japanese award similar in intent to the Nobel Prize. It recognizes outstanding works in the fields of philosophy, arts, science and technology. It has been awarded annually since 1985 by the Inamori Foundation, founded by Kazuo Inamori. The awards are given not only to those that are top representatives of their own respective field, but also to those that have contributed to humanity with their work. It has been awarded annually to "those who have contributed significantly to the scientific, cultural, and spiritual betterment of mankind". The Kyoto Prize is widely regarded[weasel words] as the most prestigious award available in fields which are traditionally not honored with a Nobel Prize. It is sometimes referred to as the Japanese equivalent of the Nobel Prize.
Prizes are given in the fields of Advanced Technology, Basic Sciences and Arts and Philosophy. Within each broad category, the prize rotates among subfields, e.g. the Kyoto Prize in Advanced Technology rotates across electronics, biotechnology, materials science and engineering, and information science. The prize was endowed with 50 million yen and Kyocera stock. The prize is rising in prestige[opinion] as it covers fields not often awarded by the Nobel Prizes. The award is one of the most prestigious international awards for lifetime achievement in the arts and sciences.