Since 1976, through the Rolex Awards for Enterprise, Rolex has supported exceptional individuals who have the courage and conviction to take on major challenges; men and women who have a spirit of enterprise, initiating extraordinary projects that make the world a better place.[1] Each winner receives 100,000 Swiss francs (about $104,000).[2]
In 2010, the Rolex Awards introduced a programme for Young Laureates. Its goal was to foster innovation in the next generation by selecting five young enterprising individuals and providing them with funding and publicity for their projects. Each Young Laureate receives 50,000 Swiss francs (about $52,000).[2]