Explained in plain English

How much is 12 million crowns?

The 12 million Swedish crowns awarded to the winners, Karl Deisseroth, Peter Hegemann and Georg Nagel, is roughly equivalent to £900,000 (as of 2023). While a substantial sum, it is divided among the laureates. The Nobel Foundation's endowment provides the prize money, recognising groundbreaking achievements in various fields, with more announcements due this week.