The Young Medal and Prize is a prize awarded on odd numbered years by the Institute of Physics in the memory of Thomas Young for distinguished research in the field of optics, including physics outside the visible region.
Originally established by the Optical Society in 1907 as the Thomas Young Oration 'on an optical subject', the orator was later chosen by the Physical Society after the two societies had merged in 1932 and subsequently converted to a medal and prize after the Physical Society had in turn merged with the Institute of Physics in 1960.
Source: Institute of Physics