The phrase "set up awards" is correct and usable in written English.
You can use it when referring to the process of organizing or establishing awards for a specific purpose, such as a competition or recognition event.
Example: "We need to set up awards for the winners of the annual science fair to encourage participation."
Alternatives: "establish awards" or "organize awards."
Oscars 2014: Show moves to March, setting up awards season lull.
It was an unusual wedding present in 2005 that inspired Charlotte and Jon Clarkson of Kiplingcotes Farm in east Yorkshire to diversify their family owned arable farm by setting up award-winning charcuterie brand Three Little Pigs.
Set up in 1997, the awards seek to honour theatre-makers working in physical and visual theatre and those who push the boundaries, experimenting with what theatre can be.
The Good Funeral Guide, the not-for-profit organisation that set up the awards, offers advice on alternative services, burial grounds, coffin types.
"The success of street food chimes with something that's happened in our society," explains Richard Johnson, who set up the awards five years ago and describes his first final as a "disaster" – it was pitched unfortunately at the tail end of a "sausage trail" in Ludlow, and the eager traders met punters already stuffed full of sausages.
The Legal Aid Practitioners Group set up the awards in 2003 to celebrate the work of lawyers at the legal aid coalface but the group's co-chair Jenny Beck said they wanted to do something special to mark the milestone of the 10th anniversary.
Moreover, we set up an awards system to actively encourage journalists to write news stories on sexuality and rights in local and regional newspapers, by giving a small monetary award for any news item/story published.
With this in mind, Lord Heseltine - founder of the Haymarket group - set up the award to honour the memory of his lifelong friend.
"I think all of these awards should be more substantial," said James B. Irwin Sr., founder of the American management consultancy IMPAC, which set up the award with an endowment of $1.5 million.
In September, the organisers of the Turner Prize responded publicly that "It proves the validity of our prize that somebody would take so much trouble to set up this award".
