The Polhem Prize (Polhemspriset) is a Swedish award for a high-level technological innovation or an ingenious solution to a technical problem. The innovation must be available and shown competitive on the open market. The prize is awarded by Swedish Association of Graduate Engineers (Sveriges Ingenjörer) (formerly Civilingenjörsförbundet and Svenska Teknologföreningen) The prize is named after Swedish scientist, inventor and industrialist Christopher Polhem (1661–1751).^{[1] [2]}