The James C. McGroddy Prize for New Materials is a prize that has been awarded annually by the American Physical Society since 1975, but was only given that name following its endowment by IBM in 1999. Prior to that it was known as the International Prize for New Materials. The recipients are chosen for "Outstanding achievement in the science and application of new materials". The prize is named after James C. McGroddy, himself a winner of APS's George E. Pake Prize in 1995, and comes with a cash award of $10,000.[1]