Every year, the westfälisch-lippische Universitätsgesellschaft awards the Karl Peter Grotemeyer Prize for outstanding and personal commitment to teaching. Only students are allowed to nominate candidates. They have to state the reasons for their choice, and nominations have to be signed by at least three persons. The candidate also has to have a doctorate and be no older than 40 years. The winner is selected by a panel made up of equal numbers of professors and students. The Karl-Peter Grotemeyer Prize is worth 3,000,- € and is awarded during the annual Rektorat reception.