On March 26, 1949, the Fraunhofer-Gesellschaft was founded at the Bavarian Ministry of Economic Affairs under the patronage of State Secretary Hugo Geiger. On the occasion of Fraunhofer’s 50th anniversary, the Bavarian Ministry of Economic Affairs, Regional Development and Energy launched the Hugo Geiger Prize for the next generation of research scientists. Awarded each year to three researchers, the prize honors outstanding doctoral theses in the field of applied research that have been completed in collaboration with a Fraunhofer institute. The individual prizes amount to 5,000, 3,000 and 2,000 euros. The submissions are assessed by an expert panel of judges made up of representatives from the worlds of research and industry. The assessment criteria are scientific quality, relevance to industry, originality and use of interdisciplinary methods.