The Theodor Körner Prize (German: Theodor-Körner-Preis) is a set of annual Austrian awards bestowed by the Theodor Körner Fund in recognition of cultural and/or scientific advances.
In 1953, on the occasion of his 80th birthday, Federal President Theodor Körner declined all gifts for him and asked that a fund be created instead for the promotion of arts and sciences.
[3] The projects are submitted to an independent advisory board composed of experts from the arts and sciences.
The amount of prize money is determined by the available funds and the number of submitted and eligible works.
Two-thirds of the prize money is given at the awards ceremony, and one-third upon completion of the project.