The Breakthrough Prize Foundation, which is funded by the likes of Mark Zuckerberg and investor Yuri Milner, just doled out five $3 million awards to cutting edge math projects. The Breakthrough Prizes - there have been two previously, for life science and fundamental physics - are designed to raise awareness of math and make it a more compelling career choice for the young. Sure, $15 million will do that, but really anything that makes people stop and think about how crucial math is to the technology that surrounds us is a good thing.
Prizes awarded to:
(Score: 1) by Freebirth Toad on Wednesday June 25 2014, @03:08AM
These prizes are just awarding the people who have already done amazing work. They were going to do amazing work with or without this money. Are people worried that some of these career mathematicians might give up academia and get jobs in industry if they aren't well enough paid? Money has nothing to do with their motivations.
This has everything to do with how screwed up universities are. The administrations at their respective institutions will all get a percentage of this money. This percentage is the entire reason that they have famous academics as faculty. Mathematicians don't need expensive labs or equipment, but the schools need their cut, so the hotshots have to get some big awards every now and then.
If you really wanted to incentivize people to do math research, how about using this money to provide more academic job opportunities for postdocs?