The University of Twente Funds Foundation presents the Van den Kroonenberg Prize at the Entrepreneurial Day. Each year, this enterprise award is given to a young entrepreneur with a demonstrable link to the University of Twente whose work in a given field has earned them a reputation. The prize is a tribute to Prof. H.H. van den Kroonenberg, a former Rector Magnificus, who made exceptional efforts to encourage new entrepreneurship within the University of Twente. The prize consists of a sum of money  (€ 4,500), a certificate and an artwork, created by Mohana van den Kroonenberg.

The Van den Kroonenburg Prize has been awarded annually since 1984. Last year, the prize was awarded to Emile Nijssen and Stefan Witkamp of Athom