The Davy Medal is awarded by the Royal Society of London "for an outstandingly important recent discovery in any branch of chemistry". Named after Humphry Davy, the medal is awarded with a monetary gift, initially of £1000. Receiving the Davy Medal has been identified as a potential precursor to being awarded the Nobel Prize in Chemistry, with 22 scientists as of 2022 having been awarded the medal prior to becoming Nobel laureates, according to an analysis by the Royal Society of Chemistry.