considered the Nobel Prize for ...

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The philanthropic arms of corporations are also getting involved. The Siemens Foundation sponsors a yearly math, science and technology competition, considered the Nobel Prize for high school research and a great distiller of American talent.

Does it mean the Siemens Foundations sponsors the competition, which is considered to be the Nobel Prize for high school research, and it is also regarded as means to select the best high school students for further training?

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To win the competition would be like getting the Nobel prize.

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@fansy,

That "great distiller of American talent" could indeed indicate that some are being selected for further training, or perhaps scholarships. It stops short of actually saying so.

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@fansy,

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Does it mean the Siemens Foundations sponsors the competition, which is considered to be the Nobel Prize for high school research, and it is also regarded as means to select the best high school students for further training?

I think it means exactly that.

Although this prize seems to go to the school, or the research team within the winning school, and not to individuals.
But certainly by doing that, it will help to identify individual students deserving of further education.

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