The Panmure House Prize is awarded to emerging leaders in academia and enables research that embodies Adam Smith’s own approach to rigorous empiricism and long-term, inter-disciplinary thinking and radical innovation.

We are keenly interested in submissions from those who research focus is long-term funding of innovation and those who take interdisciplinary and multidisciplinary approaches. We welcome applications from all disciplines and are particularly keen to receive applications from early-career researchers. We choose to define early-career as between 3-15 years post completion of PhD. Submissions are shortlisted and judged by our specially appointed Panmure House Prize Panel. The Prize is supported by Baillie Gifford.

The Prize

The Prize amount is US$75,000 awarded to the institution that the winning researcher is affiliated with. The Winner can spend the award on progressing work on topics related to the practical implementation of long-term thinking in relation to innovation, finance, and social and economic change. Panmure House Prize Winners can spend this amount at their own discretion to advance work in this field, such as attending conferences, hiring research staff, or undertaking buyout policies.

Closing Date

The submission form should be completed in English. The closing date for submissions is Monday 6 May 2024 17:00 BST.

For more information, submission guidance and FAQ’s: https://www.panmurehouse.org/programmes/panmure-house-prize/

McGregor

Podcast

Going Long Podcast: Heather McGregor, Edinburgh Business School

22 March 2021 - Heather McGregor, Dean of Edinburgh Business School at Heriot-Watt University, joins the podcast to share details newly announced Panmure House Prize.

Learn More

Podcast

Going Long Podcast: Rachelle Sampson

15 August 2022 - Rachelle Sampson is an Associate Professor at the University of Maryland’s Smith School of Business and the inaugural winner of the Panmure House Prize, an award for research into long-term investing and its relationship with innovation.

Learn More

In the News

Sarah Keohane Williamson: The need for a long-term approach to innovation

13 March 2023 - This year marks the 300th anniversary of the birth of Adam Smith, seen by some as the “father of modern economics” and known by many as the author of such seminal works as The Theory of Moral Sentiments and Wealth of Nations. His tercentenary in 2023 provides an opportunity to consider how to best preserve his legacy and apply his lessons to today’s challenges.

Learn More