The Israel Prize
The Israel Prize is the most highly regarded award in Israel. It was first awarded in 1953 by the Minister of Education Ben-Tzur Dinor, and has been awarded every year since then on the eve of the Israeli Day of Independence. Each year a group of judges. Recipients of the Israel Prize can be individuals or groups that have demonstrated excellence or broken new ground in a certain field. They must be Israeli citizens. The prize is presented to the recepient before the Knesset, Prime Minister, President, and Supreme Court of Israel.
Source: Israeli Science and Technology