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With a generous gift from the Shah family, EERI annually awards the Shah Family Innovation Prize. This prize rewards younger professionals and academics for creativity, innovation and entrepreneurial spirit in the field of earthquake risk mitigation and management. A cash prize is awarded to recognize and honor one individual who has been involved in the development of cutting-edge, innovative solutions to problems in earthquake engineering and related disciplines. The individual should be in the developing or expanding stage of his or her career, with the promise of important contributions ahead. The intent of the prize is to stimulate further creativity and leadership in the earthquake risk mitigation community and EERI. Nominees will have emphasized creative and innovative thinking and demonstrated the potential to make major contributions to the field of earthquake risk mitigation and management at early stages in their careers. The Selection Committee particularly encourages the nomination of candidates who have demonstrated a commitment to activities that will help reduce the loss of life from earthquakes. Individuals are recognized for a combination of past accomplishments and future potential.

The EERI/FEMA NEHRP Graduate Fellowship is a one-year fellowship designed to foster the participation of capable individuals in working toward goals and activities of the National Earthquake Hazards Reduction Program. Funded by the Federal Emergency Management Agency, this fellowship recognizes graduate students with strong promise to advance the field of earthquake risk mitigation. The fellowship provides a stipend of $12,000 that can be used for tuition, fees, and research expenses. Students are evaluated based on a combination of graduate and undergraduate research experience and accomplishments, alignment of their work with the mission of EERI, academic excellence, leadership potential, extracurricular activities that contribute to reducing earthquake risks, and their ability to articulate their planned path forward in the field of earthquake risk reduction. Applicants are strongly encouraged to address each of these components in their application statement and describe the potential impacts of their research on earthquake risk mitigation. One graduate fellowship is awarded annually for each academic year.