The award is to recognize outstanding researchers and engineers working on electrical and electronics engineering, especially related to motors, power generation, actuators, and energy related topics.

[1] The awarded is founded by Shigenobu Nagamori in 2014, with the purpose of recognizing global researchers and engineers who have made outstanding and innovative technological advances in the area of electrical motors and power generation.

[2] The award is made annually to outstanding early to mid-career researchers and engineers.

The prize money of two million yen is awarded to each regular Nagamori award while the grand award comes with a cash prize of five million yen.

An award ceremony is held in Kyoto, Japan around September each year, where winners will be present to receive their prizes.