NWO directs its approximate budget of 1 billion euros towards Dutch universities and institutes, often on a project basis.

The Stevin Prize (Dutch: Stevinpremie) is one of the highest scientific awards in the Netherlands, established to recognize and reward outstanding researchers whose work has significant societal impact.

Named after Simon Stevin, a Flemish mathematician and engineer, the prize highlights contributions that bridge the gap between scientific research and practical applications that benefit society.

[4] The prize was created to emphasize the importance of applied science in addressing real-world problems and contributing to societal progress.

Since its inception, the Stevin Prize has been awarded annually to researchers across various disciplines, focusing on both scientific excellence and the potential for real-world application and societal benefit.

[5] Over the years, the prize has included a substantial monetary award, typically around 2.5 million euros, intended to support further research and dissemination activities.

The prize continues to promote research that addresses societal challenges and enhances community well-being both in the Netherlands and globally.