The Clay Mathematics Institute is a private, non-profitfoundation, based in Peterborough, New Hampshire, United States. CMI's scientific activities are managed from the President's office in Oxford, United Kingdom. The institute is "dedicated to increasing and disseminating mathematical knowledge." It gives out various awards and sponsorships to promising mathematicians. The institute was founded in 1998 through the sponsorship of Boston businessman Landon T. Clay. Harvard mathematician Arthur Jaffe was the first president of CMI. While the institute is best known for its Millennium Prize Problems, it carries out a wide range of activities, including a postdoctoral program, conferences, workshops, and summer schools.
Governance
The institute is run according to a standard structure comprising a scientific advisory committee that decides on grant-awarding and research proposals, and a board of directors that oversees and approves the committee's decisions., the board is made up of members of the Clay family, whereas the advisory committee is composed of leading authorities in mathematics, namely Sir Andrew Wiles, Michael Hopkins, Carlos Kenig, Andrei Okounkov, and Simon Donaldson. Martin R. Bridson is the current president of CMI.
Millennium Prize Problems
The institute is best known for establishing the Millennium Prize Problems on May 24, 2000. These seven problems are considered by CMI to be "important classic questions that have resisted solution over the years." For each problem, the first person to solve it will be awarded $1,000,000 by the CMI. In announcing the prize, CMI drew a parallel to Hilbert's problems, which were proposed in 1900, and had a substantial impact on 20th century mathematics. Of the initial 23 Hilbert problems, most of which have been solved, only the Riemann hypothesis is included in the seven Millennium Prize Problems. For each problem, the Institute had a professional mathematician write up an official statement of the problem, which will be the main standard by which a given solution will be measured against. The seven problems are:
Besides the Millennium Prize Problems, the Clay Mathematics Institute supports mathematics via the awarding of research fellowships, as well as shorter-term scholarships for programs, individual research, and book writing. The institute also has a yearly Clay Research Award, recognizing major breakthroughs in mathematical research. Finally, the institute organizes a number of summer schools, conferences, workshops, public lectures, and outreach activities aimed primarily at junior mathematicians. CMI publications are available in PDF form at most six months after they appear in print. The episode of the television seriesElementary entitled "Solve for X" mentions the Clay Mathematics Institute in reference to their involvement in the P versus NP problem.