The Academy-Patent Award was established by the Hungarian Patent Office in cooperation with the President of The Hungarian Academy of Sciences in 1997, in order to recognise the creators of scientific and technological work and their activity. Proposals may be submitted from the Department of Technological Sciences, Department of Agricultural Sciences, Department of Chemical Sciences, Department of Geological Sciences and Department of Physical Sciences of the Hungarian Academy of Sciences and the number of awardees is variable.
The architecture of the awarding committee is as follows: Chairman is the president of the Hungarian Patent Office, members are the representatives from the Awarding Committee of the Hungarian Patent Office, the representatives and science secretaries of the- departments submitting proposals.
The delivery of award takes place during the opening ceremony of the Hungarian Science Day celebrated on 03 November every year.