The Nobel Prize is surrounded by several organisations and institutions with different tasks related to the prize.
The Nobel Prize is financed by the Nobel Foundation, a private institution established in 1900 based on the will of Alfred Nobel.
The process of selecting the Nobel Laureates is exclusively handled by the Nobel Prize awarding institutions.
The Royal Swedish Academy of Sciences (Nobel Prize in Physics, Nobel Prize in Chemistry and Prize in Economic Sciences)
The Nobel Assembly at Karolinska Institutet (Nobel Prize in Physiology or Medicine)
The Swedish Academy (Nobel Prize in Literature)
The Norwegian Nobel Committee elected by the Norwegian Parliament (Nobel Peace Prize)
To meet the demands of a constantly growing global audience when it comes to information of high quality, regarding the Nobel Laureates and their achievements, via a number of platforms, the Nobel Foundation Rights Association was established in 1999. This non-profit association has an overall function as the umbrella organization for the following five units:
Nobel Media manages and develops media rights connected with the Nobel Prize, in the areas of TV and web production, distribution, publishing and events to reach a global audience.
The Nobel Museum illustrates a century of creativity through the Nobel Prize and the achievements of the Nobel Laureates. The Nobel Museum is located in the Old Town in Stockholm, Sweden.
The objective of the company Nobelhuset AB is to plan, build, own and manage as well as improve a building for cultural and scientific work known as the Nobel Prize Center located at Blasieholmen in Stockholm.
The Nobel Peace Center is an institution aimed at presenting the Nobel Peace Prize and the work of the Nobel Peace Prize Laureates. The Nobel Peace Center is located at Rådhusplassen in Oslo, Norway.
Nobels Fredspriskonsert AS is a Norwegian company with the aim to organize the Nobel Peace Prize Concert in Oslo and run research on international relations, peace and conflict.
The above mentioned entities, a part from the Nobel Foundation Rights Association, are all externally financed, e.g. via subsidies from state or local governments, corporate sponsors, educational organizations and philanthropic entities.