The Polhem Prize (Polhemspriset) is a Swedish award for a high-level technological innovation or an ingenious solution to a technical problem. The innovation must be available and shown competitive on the open market. The prize is awarded by Swedish Association of Graduate Engineers (Sveriges Ingenjörer) (formerly ' and ) The prize is named after Swedish scientist, inventor and industrialist Christopher Polhem (1661âÂÂ1751).