The Finlandia Prize
is an award presented by the Finnish Book Foundation in recognition of the most deserving novel written by a Finnish citizen. The award sum is 26,000 euros, and by decision of the Ministry of Finance is free of tax.
The prize was established in 1984. Initially, fiction and non-fiction competed together for the prize until, in 1989, a separate Tieto-Finlandia Prize was created for works of non-fiction. Since 1993 the Finlandia Prize has been open only to novels.
The Finnish Book Foundation sets up an annual three-member selection jury with the task of nominating a minimum of three and a maximum of six candidates for the prize. Since 1993 the choice of winner has been made by one person.