In 2001 the government of Norway announced that the two hundred year anniversary of Norwegian mathematician Niels Henrik Abel's birth (the year 2002) would mark the commencement of a new prize for mathematicians, named after Abel.
Each year a board, consisting of 5 mathematicians from Norway, will declare the winner of the Abel Prize; the amount of money that comes with this prize is similar to the Swedish Nobel Prize. The reason for this prize is that the Nobel Prize offers awards to many a cunning scientist, yet not to mathematicians. Norway gave the prize an initial funding of 200,000,000 kroner in 2001. - This is an attempt at making mathematics more prestigious for young people.