In honour of the achievement of John Charles Polanyi, recipient of the 1986 Nobel Prize in Chemistry, the Government of the Province of Ontario awards annually up to five prizes to outstanding researchers in the early stages of their career who are continuing to post-doctoral studies or have recently started a faculty appointment at an Ontario university. The prizes have a value of $20,000 each and are available in the areas broadly defined as Physics, Chemistry, Physiology or Medicine, Literature, and Economic Science.

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