Rolex Awards for Enterprise Established

The Rolex Awards for Enterprise were established to recognize and support individuals who have undertaken exceptional projects that contribute to human knowledge and well-being. The awards, which include a grant of 100,000 Swiss francs, aim to encourage innovative ideas and initiatives that address pressing global challenges. Over the years, the awards have highlighted a diverse range of projects, from environmental conservation to scientific research, showcasing the impact of individual efforts on society. The program not only provides financial support but also enhances the visibility of the laureates' work, fostering collaboration and inspiring others to engage in similar endeavors. In addition to the main award, a Young Laureates award was introduced to support younger individuals with promising projects, further expanding the reach and influence of the initiative. This dual approach allows for a broader spectrum of innovative ideas to be recognized and nurtured, ensuring that the awards remain relevant in a rapidly changing world.