The Shaw Prize is a set of three annual awards presented by the Shaw Prize Foundation in the fields of astronomy, medicine and life sciences, and mathematical sciences. Established in 2002 in Hong Kong, by Hong Kong entertainment mogul and philanthropist Run Run Shaw (邵逸夫), the awards honour "individuals who are currently active in their respective fields and who have recently achieved distinguished and significant advances, who have made outstanding contributions in academic and scientific research or applications, or who in other domains have achieved excellence." The prize has been described as the "Nobel of the East".