Each edition of PhotoKTM presents an Award of Excellence to an individual or group who has made instrumental contributions towards the development of Nepali photography and journalism.
Recipients of the PhotoKTM Award of Excellence in previous years have included:
2018 – Dr. Shahidul Alam
2016 – Mr. Shridhar Manandhar
2016 – Mr. Kiran Shrestha
2015 – Mr. Mani Lama