There is also a separate challenge award for making a nanoscale robotic arm and 8-bit adder.
Input on prize candidates comes from both Foresight Institute personnel and outside academic and commercial organizations.
[1] The separate Feynman Grand Prize is a $250,000 challenge award to the first persons to create both a nanoscale robotic arm capable of precise positional control, and a nanoscale 8-bit adder, conforming to given specifications.
[6]: 60 [7][8] The Grand Prize was announced in 1995 at the Fourth Foresight Conference on Molecular Nanotechnology and was sponsored by James Von Ehr and Marc Arnold.
[9][10] In 2004, X-Prize Foundation founder Peter Diamandis was selected to chair the Feynman Grand Prize committee.