The Navier–Stokes existence and smoothness problem concerns the mathematical properties of solutions to the Navier–Stokes equations, a system of partial differential equations that describe the motion of a fluid in space. Solutions to the Navier–Stokes equations are used in many practical applications. However, theoretical understanding of the solutions to these equations is incomplete. In particular, solutions of the Navier–Stokes equations often include turbulence, which remains one of the greatest unsolved problems in physics, despite its immense importance in science and engineering.

Even more basic (and seemingly intuitive) properties of the solutions to Navier–Stokes have never been proven. For the three-dimensional system of equations, and given some initial conditions, mathematicians have neither proved that smooth solutions always exist, nor found any counter-examples. This is called the Navier–Stokes existence and smoothness problem.

Since understanding the Navier–Stokes equations is considered to be the first step to understanding the elusive phenomenon of turbulence, the Clay Mathematics Institute in May 2000 made this problem one of its seven Millennium Prize problems in mathematics. It offered a US$1,000,000 prize to the first person providing a solution for a specific statement of the problem:

Prove or give a counter-example of the following statement:

In three space dimensions and time, given an initial velocity field, there exists a vector velocity and a scalar pressure field, which are both smooth and globally defined, that solve the Navier–Stokes equations.