The awards are presented and decided by the Ente Teatrale Italiano (ETI) and supported by the Italian Ministry of Culture at an annual ceremony in Naples.
Created in 2003 by desire of the ETI, the Teatro Stabile del Veneto and Italian Ministry of Culture in collaboration with the Veneto region and the town of Vicenza, this annual award marks the boundary between the season theatrical ended and that we are going to open.
The awards ceremony takes place generally in September in the Teatro Olimpico in Vicenza (hence the name of the prize).
Since the first edition of the ceremony was presented by Tullio Solenghi and deferred broadcast live on Rai Uno.
Since 2011, the Napoli Teatro Festival organizes the award too, in collaboration with the AGIS (Association of Italian General Entertainment), renewing the tradition of the Premio Eti - The Olympic Theatre.