The Royal Architectural Institute of Canada and architect Raymond Moriyama have launched the new biannual Moriyama RAIC International Prize, which will rival the renowned Pritzker and Stirling Prizes. The $100,000 CAD prize will be awarded every two years to a project or even a non-architect for their contribution to the built environment.

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Canadian architect Raymond Moriyama has partnered up with the Institute to establish a prize that will not be a lifetime achievement award, but an award for excellence in the field of built environment.

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Its first edition will be held in August, with the award ceremony taking place in Toronto, at the Aga Khan Museum designed by Fumihiko Maki in October this year.

In addition to the prize, the Institute hopes to raise another $5 million CAD for the endowment fund. The prize will honor some of the best architecture students throughout the country and will award three $5,000 CAD scholarships in an essay writing contest.

+ Moriyama RAIC International Prize

Via Dezeen