The prize is given by the local business organization to excellent students from SDU Esbjerg and Aalborg University Esbjerg to promote business orientated research. It is supported by business-related funds, including the funds under Claus Sørensens Fond, Danske Bank Fonden in Esbjerg, Esbjerg Fonden, Lida & Oskar Nielsens Fond and Business Esbjerg.