The Prize was established by Charles Politis, a Greek American industrialist.
Unperformed and unpublished works of all styles and esthetic directions are eligible and may be scored for any combination of single orchestral instruments, guitar, voice and/or electronics utilizing from 1-15 musicians.
Compositions range between 6 and 15 minutes in duration
During the preliminary stage of the competition, members of the Boston University Music Faculty select 6-9 works for the finals.
At the final stage Theodore Antoniou conducts the performances of the finalists composition, and after the concert a monetary prize of $2,500 is awarded.
The judges for the final round are well known personalities of the Boston music scene.
The panel, consisting of composers, performers, conductors, musicologists and educators, aims for a balance among a variety of musical approaches.
All scores are kept in the ALEA III library for the perusal of students, performers and any other interested individuals.