The Lemelson–MIT Program awards several prizes yearly to inventors in the United States. The largest is the Lemelson–MIT Prize which was endowed in 1994 by Jerome H. Lemelson, funded by the Lemelson Foundation, and is administered through the School of Engineering at the Massachusetts Institute of Technology. The winner receives $500,000, making it the largest cash prize for invention in the U.S. The $100,000 Lemelson–MIT Award for Global Innovation (previously named the Award for Sustainability) was last awarded in 2013. The Award for Global Innovation replaced the $100,000 Lemelson–MIT Lifetime Achievement Award, which was awarded from 1995 to 2006. The Lifetime Achievement Award recognized outstanding individuals whose pioneering spirit and inventiveness throughout their careers improved society and inspired others. The Lemelson–MIT Program also awards invention prizes for college students, called the Lemelson–MIT Student Prize. Source: Wikipedia (en)