nominieren
to nominate
To officially propose someone or something as a candidate for an election, a prize, or an award.
Der Film wurde für fünf Oscars nominiert.
The film was nominated for five Oscars.

to nominate
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to nominate
To officially propose someone or something as a candidate for an election, a prize, or an award.
Der Film wurde für fünf Oscars nominiert.
The film was nominated for five Oscars.

When you propose someone for something, you use the preposition 'für' (for) followed by the accusative. The pattern is: jemanden für einen Preis/ein Amt nominieren (to nominate someone for a prize/an office).
Die Partei hat ihre Kandidatin für das Bürgermeisteramt nominiert.
The party nominated its candidate for the office of mayor.
This verb is very often used in the passive to emphasize who or what was proposed. The person doing the action is often unimportant.
Die Autorin wurde für den Deutschen Buchpreis nominiert.
The author was nominated for the German Book Prize.
The related noun is 'die Nominierung' (the nomination). It describes the act of nominating or the status of being nominated.
Die Nominierung des jungen Schauspielers war eine große Überraschung.
The nomination of the young actor was a big surprise.
to set up / nominate
'aufstellen' and 'nominieren' can both mean that someone is proposed as a candidate. 'aufstellen' is used especially for elections or political lists: a party nominates a person as a candidate. 'nominieren' sounds a bit more official and fits not only elections, but also prizes and awards. So when it is about an election, both words can fit. For a prize, 'nominieren' is more natural.

Die Jury nominiert den jungen Schauspieler für einen wichtigen Preis.
The jury is nominating the young actor for an important prize.
Die Partei stellt Frau Becker für die nächste Wahl auf.
The party is nominating Ms. Becker for the next election.