Founded in 2016 by Dr Charles CHEN Yidan, the Yidan Prize Foundation has a mission of creating a better world through education. Through its prize and network of innovators, the Yidan Prize Foundation supports ideas and practices in education—specifically, ones with the power to positively change lives, systems, and society. The Yidan Prize is an inclusive education award that recognizes individuals, or up to three-member teams, who have contributed significantly to education research and education development. It consists of two awards, the Yidan Prize for Education Research and the Yidan Prize for Education Development. Yidan Prize laureates receive a gold medal, a cash prize of HK $15 million (shared equally for teams), and a project fund of HK $15 million to help them scale up their work.