Clay Mathematics Institute
The Clay Mathematics Institute is a US nonprofit that supports mathematics research and established the seven Millennium Prize Problems.
The Clay Mathematics Institute is a US nonprofit foundation dedicated to advancing and disseminating mathematical knowledge. It was founded in 1998 by businessman Landon T. Clay and Lavinia D. Clay.
In 2000 it named seven major unsolved questions as the Millennium Prize Problems, offering $1 million for the solution of each. One concerns the existence and smoothness of solutions to the Navier–Stokes equations, the partial differential equations that describe fluid flow.
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The Clay Mathematics Institute set out seven Millennium Prize Problems in 2000, each with a $1 million prize.