Wikipedia - Advanced Encryption Standard process

On January 2, 1997, NIST announced that they wished to choose a successor to DES to be known as AES. Like DES, this was to be "an unclassified, publicly disclosed encryption algorithm capable of protecting sensitive government information well into the next century." However, rather than simply publishing a successor, NIST asked for input from interested parties on how the successor should be chosen. Interest from the open cryptographic community was immediately intense, and NIST received a great many submissions during the three-month comment period.