The Rolex Awards is aimed at fostering a spirit of enterprise around the worldThe awards recognize outstanding achievement, particularly in the areas of science and medicine, technology and innovation, exploration and discovery,; the environment, and cultural heritage.

The awards are given to five Laureates and five Associate Laureates for pioneering efforts to expand knowledge and improve human life. Laureates receive US$ 100,000 each; the Associate Laureates, US$ 50,000.

In addition to the prize money, the Young Laureates receive recognition of their projects through an international media campaign, access to the community of former Rolex Laureates and Jury members, and a Rolex chronometer.