Competitions for professional classical musicians and young talents include:

The Nikolai Malko Competition for Young Conductors is organised every third year by the Danish Broadcasting Corporation (next time in 2008).
The Nikolai Malko Competition for Young Conductors

The Carl Nielsen International Music Competitions alternate between violin, flute and clarinet.
The Carl Nielsen International Music Competitions

DR’s Chamber Music Competition for young Danish chamber ensembles is organised every second year by the Danish Broadcasting Corporation.
DR’s Chamber Music Competition

The International Organ Competition in Odense.
The International Organ Competition in Odense

Øresund's Soloist Competition is a competition for very young talents from Denmark and Sweden.
Øresund's Soloist Competition

Awards
Léonie Sonning's Music Prize is one of the greatest honorary awards within the musical area. The prize was awarded to Igor Stravinsky in 1959, but did not become an annual award until 1965, when it was presented to Leonard Bernstein. The prize is awarded to a composer or a performing musician. With the notable exceptions of Miles Davis and Keith Jarrett, all of the prize-winners up till now have been drawn from the area of classical music.
Léonie Sonning's Music Prize

Carl Nielsen and Anne Marie Carl-Nielsen Honorary Scholarship is the largest honorary prize for Danish musicians and composers. The DKK 500,000 prize is awarded to musicians or composers in odd years and to sculptors in even years.
Carl Nielsen and Anne Marie Carl-Nielsen Honorary Scholarship

Each year Danish record industry IFPI awards prizes in many different categories under the title of the Danish Music Awards (formerly the Danish Grammy Awards). The awards for music in the classical categories are presented at an event arranged by The Danish Broadcasting Corporation (DR).

The Edition Wilhelm Hansen Composer Prize is awarded on an annual basis to Danish composers.
Edition Wilhelm Hansen