Things to know about the Nobel Prizes

The start of October is when the Nobel committees get together in Stockholm and Oslo to announce the winners of the yearly awards

Fall has arrived in Scandinavia, which means Nobel Prize season is here.

The start of October is when the Nobel committees get together in Stockholm and Oslo to announce the winners of the yearly awards.

First up, as usual, is the Nobel Prize in medicine or physiology, which will be announced Monday by a panel of judges at the Karolinska Institute in the Swedish capital. The prizes in physics, chemistry, literature, peace and economics will follow, with one announcement every weekday until October 9.

Here are some things to know about the Nobel Prizes:

The Nobel Prizes were created by Alfred Nobel, a 19th-century businessman and chemist from Sweden. He held more than 300 patents but his claim to fame before the Nobel Prizes was having invented dynamite by mixing nitroglycerine with a compound that made the explosive more stable.

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Dynamite soon became popular in construction and mining as well as in the weapons industry. It made Nobel a very rich man. Perhaps it also made him think about his legacy, because toward the end of his life he decided to use his vast fortune to fund annual prizes “to those who, during the preceding year, have conferred the greatest benefit to humankind.”