The 35-year-old South Korean star was given the Tribeca Disruptive Innovation award at a university prize giving ceremony, reported Contactmusic.
"Who knew, right ? Giving me this award in itself is innovation, I think. I still cannot believe what happened right now. I applied to this school in 1996, but I failed... Finally, I entered this building this morning," PSY said after receiving the award.
He has recently released a the follow-up video of 'Gangnam Style' titled 'Gentleman'.
Other recipients of the awards include fashion designer Norma Kamali, music and film entrepreneur Peter Shapiro and choreographer Twyla Tharp.