The Elite Research Prize is awarded to outstanding researchers under 45 years of international excellence. The Ministry for Higher Education and Science annually distributes five prizes. Each prize is 1.2 million. 200,000 is a personal award and 1,000,000 goes to research. The Elite Research travel grant is DKK 200,000 and helps very talented PhD students to perform longer-term studies in some of the best research environments in the world. The Ministry of Higher Education and Science annually distributes up to 20 Elite Research travel grants. Recipients of Elite Research prices are presented and honoured at the annual Elite Research Conference.