The Fermat Prize is a prestigious award in mathematics, established in 1989 to honor outstanding contributions to the field. Named after the 17th-century mathematician Pierre de Fermat, the prize recognizes work that addresses significant problems in mathematics, particularly those related to number theory. The prize is awarded every two years and is open to mathematicians worldwide. It is presented by the Institut de France and includes a monetary reward. The Fermat Prize aims to encourage further research and innovation in mathematics, celebrating the legacy of Fermat and inspiring future generations of mathematicians.