Promotion of musical talent
The Possehl Music Prize, awarded annually by the Possehl Foundation and the Lübeck University of Music since 1963, honours outstanding musicians in all instrumental categories who study in Lübeck. Recently, prizes have also been awarded for piano accompaniment and innovative performance concepts.
Competition & prizewinners' concert
The annual prizewinners' concert takes place every January, and this varied evening full of music is an established feature of cultural life in Lübeck.The University of Music and the Foundation also launched an award in 2018: the "OPEN SPACE Possehl Prize for Contemporary Musical Performance Concepts".