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Source: Francqui Prize

The Francqui Prize is a prestigious Belgian scholarly and scientific prize named after Émile Francqui. Normally annually since 1933, the Francqui Foundation awards it in recognition of the achievements of a scholar or scientist, who at the start of the year still had to be under 50. It currently represents a sum of 250,000 Euros and is awarded in the following three-year rotation of subjects: exact sciences, social sciences or humanities, and biological or medical sciences.
Proposed candidates must be associated with a Belgian academic institution, in the case of a foreigner for at least ten years. The recipient is selected by a jury of eight to 14 members, none of whom may be associated with a Belgian institution. The members of the international jury vote by secret letter, and the laureate they recommend must be supported by two thirds of the assembled directors of the foundation (with a quorum of 12) or no prize would be awarded that year.
The prize is meant to encourage the further work of the young laureate, rather than crown the latter's career. Recipients are asked to organise an international colloquium in the appropriate discipline the same year that he is awarded the prize, which usually leads to an international publication which enables the quality of Belgian university research to be more widely appreciated.