The Franz Kafka Prize is an international literary award presented in honour of Franz Kafka, the German languagenovelist. The prize was first awarded in 2001 and is co-sponsored by the and the city of Prague, Czech Republic. At a presentation held annually at the end of October in the Old Town Hall , the recipient receives $10,000, a diploma, and a bronze statuette. The criteria for winning the award include the artwork's "humanistic character and contribution to cultural, national, language and religious tolerance, its existential, timeless character, its generally human validity and its ability to hand over a testimony about our times."