Klaus Schmidt is a member of the Board of Trustees for the Lindau Nobel Laureate Meetings and scientific organizer of the Lindau Nobel Laureate Meetings on Economic Sciences, together with Torsten Persson and Antoinette Schoar. The conference brings together around 400 young scientists from more than 80 countries with around 20 Nobel Prize winners. It takes place every three years in Lindau. The next conference will take place in August 2025.