The Royal Architectural Institute of Canada (RAIC) Foundation is launching one of the largest architectural prizes in the world. The Moriyama RAIC International Prize has been established by distinguished Canadian architect Raymond Moriyama together with the Foundation. The prize, to be awarded every two years,  consists of $100,000 and a sculpture designed by Canadian designer Wei Yew.

The prize is open to any architect, firm, or collaboration in the world for an outstanding building or project. It may also be granted to a non-architect for an exceptional contribution to architecture. The winner will be selected through an open, juried competition.

Submissions are due by Aug. 1, 2014. The first award ceremony takes place in Toronto on Oct. 11, 2014.