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.
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.
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.