In 1920, representatives from the business world established the Stifterverband at the suggestion of German academies, universities and scientific associations. Its re-foundation after the Second World War is closely linked with the re-foundation of the »Notgemeinschaftder deutschen Wissenschaft« (Emergency Association of German Science) on 11 January 1949. The Stifterverband is still considered to be the mediator between industry and science today.
For ten years, the organization has awarded the Fraunhofer Gesellschaft with a prize worth 50,000 euro. The prize is awarded in recognition of outstanding joint applied research projects, on which Fraunhofer institutes work together with businesses and/orother research organizations. This and the prize »Technik für den Menschen« (prize for human-centered technology) are awarded in alternate years.